A3561 — Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million.

A3561 — Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million. · Informed CitizenryThis legislation aims to reduce the cost of purchasing certain types of commercial real estate within New Jersey. Specifically, it eliminates a one percent tax that is currently levied on buyers wh…Open in Informed Citizenry