New Jersey · 2026-2027 Regular Session · Bill

S 1993: 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.

In committee Last action January 13, 2026: Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee

Plain-language summary

S 1993 is a bill introduced in the New Jersey Senate on January 13, 2026. According to its official title, it concerns: 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. Primary sponsor: Holly Schepisi (Republican). Most recent recorded action (January 13, 2026): Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee.

Sponsors

Primary sponsor: Holly Schepisi (Republican).