New Jersey · 2026-2027 Regular Session · Bill

S 4549: Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million.

In committee Last action September 28, 2026: Introduced in the Senate, Referred to Senate Economic Growth Committee

Plain-language summary

S 4549 is a bill introduced in the New Jersey Senate on September 28, 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: Nilsa Cruz-Perez (Democratic). Most recent recorded action (September 28, 2026): Introduced in the Senate, Referred to Senate Economic Growth Committee.

Sponsors

Primary sponsor: Nilsa Cruz-Perez (Democratic).