Modifies additional fee and taxes imposed on certain real property transfers valued over $1 million; expands imposition of fees and taxes to real property classified Industrial Property and certain Apartments.

This bill introduces a new fee on the transfer of real property in New Jersey when the sale price exceeds $1 million. It expands the types of properties subject to this fee to include industrial properties and apartments, while maintaining exemptions for tax-exempt organizations and certain corporate mergers. The fee amount varies based on the sale price, ranging from 1% to 2.5%, and is collected by county recording officers to be deposited into the state's General Fund. Additionally, the legislation provides a specific exemption for apartment buildings where at least 10% of the units are designated as affordable housing.