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.

This bill raises the threshold for a 1% fee on commercial real property transfers from $1 million to $1.5 million (adjusted annually using the Consumer Price Index). It directly affects buyers and sellers of commercial properties (Class 4A under New Jersey tax rules) where the transfer value exceeds $1.5 million. The fee applies only to commercial transactions over this amount, not residential or farm properties. The annual CPI adjustment ensures the threshold keeps pace with inflation, with the fee collected by county offices and sent to the state treasury.