Eliminates supplemental realty transfer fee.

This bill (S 59) repeals the supplemental realty transfer fee established by P.L.2003, c.113 (C.46:15-7.1). It eliminates a graduated fee on real estate transfers - $0.25 per $500 for sales under $150,000, $0.85 for $150k-$200k, and $1.40 for amounts over $200k - that counties retained $0.25 of per $500 while remitting the rest to the state. The fee applied to most property transfers, including an additional $1.00 per $500 for new construction sales. This change directly affects buyers and sellers in real estate transactions subject to this fee.