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New Jersey New Legislation

Morgan Lewis

New Jersey ‘Mansion Tax’ Changes Impose Higher Transaction Costs on Commercial and Residential Real Estate Sales

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Recent revisions to New Jersey law increase the so-called “mansion tax” for sales in excess of $2 million and shift the tax payment obligation to the seller. Governor Phil Murphy recently signed legislation making...more

Mintz - Tax Viewpoints

New Jersey Adopts QSBS Exclusion: A Game-Changer for In-State Investors and Founders

Mintz - Tax Viewpoints on

On June 30, 2025, New Jersey enacted legislation that now incorporates the US federal qualified small business stock (QSBS) rules under Section 1202, effective for dispositions of QSBS for tax years beginning on or after...more

Nelson Mullins Riley & Scarborough LLP

New Jersey Poised to Adopt Unique Warranty Time Multiplier: Latest Development In Statutory Warranty Reimbursement Requirements

New Jersey appears poised to adopt a unique “average retail labor time allowance” multiplier to the compensation OEMs must pay dealers for warranty service, after both houses of that state’s Legislature voted on June 30, 2025...more

Fox Rothschild LLP

Sticker Shock at Closing Tables for Dealership Sellers

Fox Rothschild LLP on

Selling an auto dealership in New Jersey just got more expensive — and more complicated. As of July 10, 2025, changes to New Jersey’s so-called “Mansion Tax” have shifted the burden of this transfer tax onto the seller. A...more

Saul Ewing LLP

Deadline Approaching: Murphy Signs Into Law Amendments to New Jersey’s “Mansion Tax” and Controlling Interest Transfer Tax

Saul Ewing LLP on

On June 30, 2025, Governor Murphy signed into law significant changes to the New Jersey Mansion Tax and CITT. These amendments include increases in the fees specific to high-value properties and a shift in which party is...more

Troutman Pepper Locke

New Jersey Increases Mansion Tax Rates and Shifts Payment Obligation to Sellers

Troutman Pepper Locke on

On June 30, Governor Phil Murphy signed Bill A5804 into law, amending N.J.S.A. § 46:15-7.2-7.4; N.J.S.A. § 54:15C-1, and introducing significant changes to New Jersey’s realty transfer tax structure. These changes — effective...more

Cole Schotz

Changes to New Jersey Requirements for Publication of Legal Notices

Cole Schotz on

On June 30th, bill No. 4654 was enacted making significant changes to the requirements for the publication or advertisement of legal notices including those required under the Municipal Land Use Law (“MLUL”). Historically...more

Cole Schotz

New Jersey’s Latest Budget Has Sweeping Changes to the Mansion Tax

Cole Schotz on

The latest budget passed by the New Jersey legislature and signed by term-limited Governor Phil Murphy quietly enacted changes to New Jersey’s Mansion Tax, which affects not only residential properties but commercial...more

Fox Rothschild LLP

Real Estate Sellers Face Increased Burden Under New Jersey’s Amended 'Mansion Tax'

Fox Rothschild LLP on

New Jersey has increased its so-called "mansion tax" and shifted the party who must pay the fee from the buyer to the seller. The tax has a substantial impact on owners of New Jersey real estate, but despite its expansive...more

Bressler, Amery & Ross, P.C.

New Jersey Modifies Mansion Tax on Sales of Real Property

The New Jersey state legislature has passed new legislation, as part of the State’s 2026 fiscal year budget, that directly and significantly impacts sellers and buyers of real property in New Jersey. Previously, a 1% fee...more

McCarter & English, LLP

Mansion and Controlling Interest Transfer Tax Amendments Signed Into Law: Buyers and Sellers Must Move Fast to Avoid Rate Increase

On Tuesday, July 1, Governor Phil Murphy signed into law Senate Bill S4666/Assembly Bill A5804 (collectively, the Bill), which impacts certain transfers of real property. The Bill amends the existing fees imposed on certain...more

Epstein Becker & Green

New Jersey Bill Would Introduce Sweeping Noncompete and No-Poach Restrictions: Strategic Implications for Employers

Epstein Becker & Green on

As anticipated, New Jersey has joined the growing list of state legislative efforts aimed at prohibiting or restricting the use of noncompetes and no-poach agreements....more

Marshall Dennehey

The Pay Transparency Act Makes Its Splash this Summer in New Jersey

Marshall Dennehey on

Key Points: June 1, 2025, the Pay Transparency Act takes effect in the state of New Jersey. Under the Act, employers are required to include the salary and/or hourly wage range being considered for a vacant position....more

Blank Rome LLP

Shining a Light on Pay: Understanding New Jersey’s New Transparency Mandate for Employers

Blank Rome LLP on

On June 1, 2025, New Jersey’s Pay and Benefit Transparency Act (“the Act”) took effect, ushering in a new era of openness around pay and benefits for job applicants and employees. This law is part of a growing national...more

Constangy, Brooks, Smith & Prophete, LLP

New Jersey adopts pay transparency law

The New Jersey Pay and Benefit Transparency Act is the latest U.S. pay transparency law. As of this month, covered employers must disclose pay, benefits and other compensation programs in external job postings and for...more

Fox Rothschild LLP

Noncompete Agreements Once Again Under Attack in New Jersey

Fox Rothschild LLP on

A pair of bills were introduced in the New Jersey Legislature seeking to ban or significantly restrict employers’ ability to enter into and enforce noncompete agreements. The proposed legislation (S4385 and S4386) seeks to...more

Stevens & Lee

NJ Employers Required to Provide Compensation and Benefits Disclosures

Stevens & Lee on

Last month, New Jersey’s Pay and Benefit Transparency Act (NJPBTA) officially took effect, placing new compensation disclosure criteria on employers in the state, and providing jobseekers access to important information that...more

Flaster Greenberg PC

New Jersey Passes Pay Transparency Law: What Employers Need to Know

Flaster Greenberg PC on

On June 1, 2025, a new law became effective that requires employers in New Jersey to publicize salary ranges and benefits information with any new job posting...more

Jackson Lewis P.C.

NJ Bill Broadly Banning Non-Competes + No-Poach Agreements Would Impact Employers Immediately

Jackson Lewis P.C. on

The New Jersey Legislature is considering a bill (S4385/A5708) banning non-compete clauses, with limited exceptions, and prohibiting no-poach agreements between employers and workers. Appearing to take a page from the now...more

Cole Schotz

New Jersey Employers Should be Aware of Pay Transparency Law, Effective June 1, 2025

Cole Schotz on

The New Jersey Pay and Benefit Transparency Act (the “Act”) became effective on June 1, 2025 and covered New Jersey employers should be ready to comply with this new law immediately. The Act requires that applicants for...more

Troutman Pepper Locke

Navigating New Jersey’s Pay Transparency Act, Effective June 1

Troutman Pepper Locke on

On June 1, new job posting requirements took effect in New Jersey under the New Jersey Pay and Benefit Transparency Act. The “Pay Transparency Act,” signed into law by Governor Phil Murphy in November 2024, requires employers...more

Shook, Hardy & Bacon L.L.P.

New Jersey Pay Transparency Law Takes Effect

The New Jersey Pay and Benefit Transparency Act (NJPBTA), effective June 1, 2025, requires employers to disclose salary information and benefit details in job postings, both internal and external job postings. NJBPTA follows...more

Pietragallo Gordon Alfano Bosick & Raspanti,...

New Jersey’s Pay Transparency Act: What Multi-State Employers Need to Know Before June 1, 2025

New Jersey’s recently-enacted Pay Transparency Act will usher in significant changes for employers operating in the Garden State. Effective June 1, 2025, the Act mandates that covered employers disclose compensation details...more

Tarter Krinsky & Drogin LLP

NJ Pay and Benefit Transparency Act Requires New Disclosure Compliance

New Law Now In Effect as of June 1, 2025 - On June 1, 2025, New Jersey joined a growing list of states and localities, including New York State and New York City, requiring disclosure of salary ranges in job descriptions. ...more

Fisher Phillips

New Jersey’s Pay Transparency Law Takes Effect June 1: Who’s Covered, What’s Required, and 6 Steps for Employers to Comply

Fisher Phillips on

New Jersey’s far-reaching pay transparency law is about to take effect – is your business ready to comply? Starting June 1, covered employers, including certain businesses outside of the state, must disclose compensation and...more

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