New Jersey 222nd Legislature Status: Introduced 1 D cosponsors

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

Last action — INT 1RS REF SEG

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed General Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced September 28, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill eliminates a 1% tax on buyers of certain commercial properties over $1 million.

This bill removes a 1% tax that buyers have to pay when purchasing Class 4A commercial properties valued over $1 million. This change aims to lower costs for buyers in this category.

What this means for you
  • Small Business: This means lower upfront costs when small businesses purchase larger commercial properties.

Summary

Class 4A commercial property transferred, excess of $1M-elim 1% tax on purchaser

Bill Text

  • Introduced View text Current html September 29, 2026

Action History

  1. INT 1RS REF SEG

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 119 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (119)

119 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does S 4549 do?
Class 4A commercial property transferred, excess of $1M-elim 1% tax on purchaser
Who sponsors S 4549?
S 4549 is sponsored by Cruz-Perez, Nilsa I. (Democrat).
What is the current status of S 4549?
This bill has been introduced in the Senate. Introduced September 28, 2026. It must pass committee before a floor vote.
Where can I track S 4549?
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Last checked for changes 10 days ago · updated continuously

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