NJ A4560

Repeals the "Statewide Non-Residential Development Fee Act" (sections 32-38 of P.L.2008, c.46), which imposed a 2.5% fee on the equalized assessed value of new non-residential construction and additions for affordable housing purposes

Eliminates the statewide non-residential development fee that municipalities were required to collect from developers of commercial and other non-residential properties

Amends the New Jersey Affordable Housing Trust Fund provisions to reference only fees collected prior to this bill's enactment, rather than ongoing collections

Repeals related statutory provisions including section 39 of P.L.2009, c.90 (C.40:55D-8.8), section 41 of P.L.2009, c.90 (C.52:27D-320.1), and section 14 of P.L.2008, c.46 (C.52:27D-329.8)

Takes effect immediately upon enactment