Prohibits the imposition of affordable housing need and related fees upon the local transfer or move of a business.

S 492 prevents municipalities and the Council on Affordable Housing from requiring affordable housing fees or counting business relocations as generating new affordable housing needs. Specifically, it blocks the Council from including commercial/industrial business moves within the same municipality, housing region, or 50-mile radius in fair share calculations, and prohibits municipalities from imposing such fees on qualifying developers. This bill directly affects local governments and developers who relocate businesses within these defined geographic areas. The policy change takes effect immediately upon enactment.