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 estate transfers from $1 million to $1.5 million, with annual adjustments based on the Consumer Price Index. It directly affects commercial property sellers and buyers in New Jersey whose transfer value exceeds $1.5 million (adjusted yearly for inflation). The fee applies only to Class 4A "commercial properties" transferred for consideration above the new threshold, collected by county recording offices. The change simplifies the fee structure for most commercial transactions while ensuring the threshold keeps pace with inflation.