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.

Where it is in the process

Plain-English Summary

This bill directs that half of the money collected from specific fees and taxes on real estate sales over $1 million will be deposited into the New Jersey Affordable Housing Trust Fund. This change would take effect on July 1 of the year following the bill's passage.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 8 Sponsors

Democrat8Republican0Independent0Other0

D · PrimeBenjie Wimberly
D · PrimeVin Gopal
D · CoTroy Singleton
D · CoAndrew Zwicker
D · CoBrian Stack
D · CoGordon Johnson
D · CoJoseph Cryan
D · CoPatrick Diegnan

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