A1177 — Excludes gains on sales of certain real estate purchases from taxation under corporation business tax and gross income tax.

A1177 — Excludes gains on sales of certain real estate purchases from taxation under corporation business tax and gross income tax. · Informed CitizenryThis legislation proposes excluding the profits (gains) realized when an individual sells certain types of real estate properties. Currently, these sale profits may be subject to both the corporate…Open in Informed Citizenry