Exempts sale of land to nonprofit organizations for preservation for recreation and conservation purposes from realty transfer fee.

This bill exempts the sale of land to nonprofit organizations from New Jersey's realty transfer fee when the land is purchased for permanent preservation for recreation and conservation purposes. The exemption applies specifically to transactions conducted under the "Preserve New Jersey Act," allowing these groups to acquire property without paying the standard transfer charge. By removing this financial barrier, the legislation aims to support land conservation efforts while maintaining the fee for other property transfers. The change takes effect immediately upon enactment.