NJ A4961 | 2024-2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on October 21 2024 - 25% progression
Action: 2024-10-21 - Introduced, Referred to Assembly Housing Committee
Pending: Assembly Housing Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on October 21 2024 - 25% progression
Action: 2024-10-21 - Introduced, Referred to Assembly Housing Committee
Pending: Assembly Housing Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Increases threshold for imposition of certain fees and taxes on certain real property transfers from $1 million to $1.5 million, subject to annual adjustment based on Consumer Price Index.
Title
Increases threshold for imposition of certain fees and taxes on certain real property transfers from $1 million to $1.5 million, subject to annual adjustment based on Consumer Price Index.
Sponsors
| Rep. Al Barlas [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-10-21 | Assembly | Introduced, Referred to Assembly Housing Committee |
Same As/Similar To
S3841 (Same As) 2024-10-28 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2024/A4961 |
| Text | https://pub.njleg.gov/Bills/2024/A5000/4961_I1.HTM |
