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AFP Urges Swift Action On Realty Transfer Fee Repeal

April 29, 2014

AFP Urges Swift Action on Realty Transfer Fee Repeal

Pro-Taxpayer Group Praises Sens. Allen, O’Toole and Van Drew for Introducing Legislation

MONMOUTH JUNCTION – Americans for Prosperity is urging swift action by the Legislature to rescind the state’s realty transfer fee now that repeal legislation (Bill S217) has been introduced by state Senators Diane Allen (R-07), Kevin O’Toole (R-40), and Jeff Van Drew (D-01).

“Bad policies like the realty transfer fee are at the heart of why achieving the American Dream of home ownership is becoming out of reach for far too many in New Jersey,” stated Mike Proto, AFP’s communications director. “New Jersey homeowners, year after year, face the worst property taxes in the country and then when they decide to leave, we hit them again with a fee higher than a month’s mortgage payment. It’s just wrong.”

“Members of the Legislature now have the opportunity to walk the walk. They can help our beleaguered housing market and provide some relief in one fell swoop.”

“AFP urges Sen. Sarlo to post this bill at the next Senate Budget and Appropriations Committee hearing. We also urge the Assembly to take up a companion measure and get the ball rolling on repeal as soon as possible.”

“The realty transfer fee was a bad idea from the start and AFP applauds the efforts of Sen. Allen, O’Toole and Van Drew to get rid of it,” continued Proto. “We’re encouraged to see that a bipartisan group of lawmakers has recognized the folly of this fee and is teaming up to repeal it. Their colleagues should join them and work to make this a reality this year.”

Americans for Prosperity (AFP) is a nationwide organization of citizen-leaders committed to advancing every individual’s right to economic freedom and opportunity. AFP believes reducing the size and intrusiveness of government is the best way to promote individual productivity and prosperity for all Americans. AFP educates and engages citizens to support restraining state and federal government growth and returning government to its constitutional limits. AFP is more than 2 million activists strong, with activists in all 50 states.  AFP has 34 state chapters and affiliates. More than 85,000 Americans in all 50 states have made a financial contribution to AFP or AFP Foundation. For more information, visit www.americansforprosperity.org

Americans for Prosperity does not support or oppose candidates for public office.

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