state_legiscan_drain · NJ
Dedicates 50 percent of revenues collected from additional fees and taxes imposed on real property transfers valued over $1 million to Affordable Housing Trust Fund.
January 13, 2026
Summary
If enacted, this bill would dedicate 50 percent of revenues from additional fees and taxes imposed on real property transfers valued over $1 million to the Affordable Housing Trust Fund. This would increase funding for affordable housing initiatives through a surcharge on high-value property transactions in New Jersey.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.njleg.state.nj.us/bill-search/2026/S3103
Common questions
- What does "Dedicates 50 percent of revenues collected from additional fees and taxes imposed on real property transfers valued over $1 million to Affordable Housing Trust Fund." cover?
- If enacted, this bill would dedicate 50 percent of revenues from additional fees and taxes imposed on real property transfers valued over $1 million to…
- When was it published?
- It was published on January 13, 2026.