New Jersey’s Bulk Sales Act Faces a Challenge in the State Legislature

January 2011Articles Commerce Magazine

Home sales in New Jersey have dramatically decreased during the last couple of years. The sluggish economy has had an impact on those sales, but New Jersey’s tax structure may also have influenced those numbers. Increased costs at closing and taxes associated with sales often affect the economics of a sale transaction. One of the many taxes affecting the sales of homes is the Bulk Sales Act.