A 4560 New Jersey General Assembly · 2024-2025 Regular Session

Repeals "Statewide Non-Residential Development Fee Act."

This bill repeals the "Statewide Non-Residential Development Fee Act" (sections 32-38 of P.L.2008, c.46), which required municipalities to charge a 2.5% fee on non-residential construction projects based on property value. The repeal affects all New Jersey municipalities that previously collected this fee for non-residential development. The bill also removes references to this fee from other statutes, including repealing sections that governed municipal development fees. This change redirects funds that would have gone to the repealed fee toward the "New Jersey Affordable Housing Trust Fund" established under P.L.1985, c.222.
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 13, 2024 Last action Jun 13, 2024
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Jun 13, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Housing Committee
lower
1 primary · 0 co-sponsors

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Role
Legislator
Party
State
District
P
Photo of Dawn Fantasia
Dawn Fantasia
RRepublican
NJ
24