A1217 — Eliminates supplemental realty transfer fee and one percent fee on transfers of certain commercial real estate and tax on sale of controlling interests in certain commercial real property.

A1217 — Eliminates supplemental realty transfer fee and one percent fee on transfers of certain commercial real estate and tax on sale of controlling interests in certain commercial real property. · Informed CitizenryAssembly Bill 1217 simplifies the process and cost of transferring ownership of some commercial properties within New Jersey. The bill specifically eliminates the supplemental realty transfer fee,…Open in Informed Citizenry