New Jersey's 21st Legislative District

Senator Tom Kean, Jr.

Senator Tom Kean

Kean Bill Protecting Property Owners Signed Into Law

Please Share:

Bookmark and Share

Legislation sponsored by Senator Tom Kean (R-Union) that exempts sales of certain homes and seasonal rentals from the bulk sale notification requirements was signed into law today.

The bulk sales notification process was established in 2007 to ensure the State was able to collect outstanding tax liability from businesses before they left the State or disposed of a large portion of assets. Because of the manner in which the law was written, the sale of single family homes from individual sellers was made subject to the requirements, resulting in home purchasers having to file paperwork and provide ten days notice to the Division of Taxation for every real estate transaction, or else risk being held liable by the State for the seller’s delinquent taxes.

Under Kean’s bill, the sale by individual sellers of any dwelling unit, primarily one- and two- family homes, will no longer be subject to the bulk sales notification requirements and will help ensure real estate transactions are not unnecessarily delayed and made more costly for buyers and sellers.

The new law is meant to boost New Jersey’s real estate market and cut red tape in order to ease the individual sale of homes and seasonal rentals.

Similar Posts on

Leave a Comment:

Comment Rules: Please remain civil, stay on topic, and refrain from using foul or abusive language. Posts that violate those rules may be hidden or deleted, and repeated violators may be blocked. To prevent spam, comments with links are automatically filtered.

District 21 Guide

Tom Kean, Jr.

Tom's Bio & Public Service

Constituent Services

Tom Can Help You!

Contact Tom

Tom Wants to Hear from You!

District 21

About the Legislative District

Email Updates

Sign Up for Tom's Newsletter


Follow Tom's Page


Students - Get Involved

Legislative Activity

Committees, Bills & Votes


Tweet @tomkean

Tom's Recent Posts

- Proudly Serving Parts of Morris, Somerset and Union Counties -