New Jersey · 2026-2027 Regular Session · Bill

A 3561: Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million.

In committee Last action January 13, 2026: Introduced, Referred to Assembly Commerce and Economic Development Committee

Plain-language summary

A 3561 is a bill introduced in the New Jersey House on January 13, 2026. According to its official title, it concerns: Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million. Primary sponsor: Lou Greenwald (Democratic), Clinton Calabrese (Democratic). It lists 2 additional sponsors. Most recent recorded action (January 13, 2026): Introduced, Referred to Assembly Commerce and Economic Development Committee.

Sponsors

Primary sponsors: Lou Greenwald (Democratic); Clinton Calabrese (Democratic). 2 co-sponsors.