A2786 — Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million.

A2786 — Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million. · Informed CitizenryThis bill proposes to repeal the one percent tax on the transfer of controlling interests in Class 4A commercial property when the total consideration for the transfer exceeds $1 million. The bill…Open in Informed Citizenry