A117 — 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.

A117 — 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 A117 aims to significantly reduce costs associated with certain commercial real estate transactions in New Jersey. The bill proposes eliminating two specific fees: a supplemental real…Open in Informed Citizenry