Insights
Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.
On June 23, the New Jersey Assembly passed Bill A1907, which proposes to extend the now-expired moratorium on the Nonresidential Development Fee. The moratorium on the fee, which is 2.5 percent of the equalized assessed value of a nonresidential project, expired on July 1, 2013. The Bill proposes to extend the moratorium to December 31, 2014. The Bill provides that a developer that has paid the fee after July 1, 2013, can seek a refund of monies, unless that town has already expended the funds for affordable housing projects. A similar bill is currently under consideration by the Senate.
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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.
