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.

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.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written