A518 — Excludes gains on sales of certain real estate purchases from taxation under corporation business tax and gross income tax.

A518 — Excludes gains on sales of certain real estate purchases from taxation under corporation business tax and gross income tax. · Informed CitizenryThis bill proposes to exclude gains from the sale or exchange of certain real estate from New Jersey's corporation business tax and gross income tax. The exclusion applies to 'eligible real estate'…Open in Informed Citizenry