Re: A-500, Implementation of
Commercial Development Fee
As you know, the State Legislature recently passed Assembly Bill A-500 which substantially amends the Fair Housing Act. Among other provisions, the bill establishes a statewide non-residential development fee, and requires the Treasurer and Commissioner of Community Affairs to implement the collection of that fee as soon as the law takes effect. Details of the full legislation will be provided shortly after enactment by the Governor.
It is our understanding that the notices are being mailed and will be received by assessors and construction officials early next week. We are providing you this electronic copy to assist in the dissemination of the information to elected and appointed officials in your organization.
Very truly yours,
William G. Dressel
New Jersey State League of Municipalities • 222 West State Street • Trenton, NJ 08608 • (609) 695-3481 •FAX: (609) 695-0151