S56 — Eliminates one percent tax on purchasers of Class 4A commercial property transferred for consideration in excess of $1 million.

S56 — 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 section 3 of P.L.2006, c.33 (C.54:15C-1), which eliminates the one percent tax on purchasers of controlling interests in entities that own Class 4A commercial property…Open in Informed Citizenry