S1440 — Increases amount of gross income tax exclusion for gains from sales of principle residences.

S1440 — Increases amount of gross income tax exclusion for gains from sales of principle residences. · Informed CitizenryThe bill amends Section 1 of P.L.1998, c.3 (C.54A:6-9.1) to increase the amount of the gross income tax exclusion for gains from sales or exchanges of principal residences. The maximum excludable g…Open in Informed Citizenry