Eliminates supplemental realty transfer fee.

This bill repeals a supplemental fee on real estate transfers that was added to the basic transfer fee. The supplemental fee, which had graduated rates based on the property's sale price (e.g., $0.25 per $500 for sales under $150,000), had been in effect since 2003. Counties retained $0.25 per $500 of the sale price, while the state received the remainder. By eliminating this fee, the bill reduces costs for property buyers and sellers in New Jersey without changing the basic transfer fee.