It is being proposed by our wizard of a Governor. Here's an article on it. http://www.courierpostonline.com/article/20090612/NEWS01/906... also on http://www.njar.com home page there is a good write up. Like most of his budget balancing ideas, it will most likely get voted down but certainly write your representives. To keep up on the lastest New Jersey real estate articles log on to http://www.JustJerseyRealEstate.com.