S2549 — Creates new tax on gains from sale or exchange of real property held for short periods of time, 6 years or less, establishes a comprehensive framework to calculate and implement enforcement and provides imprisonment and/or fines for those who evade taxes.

S2549 — Creates new tax on gains from sale or exchange of real property held for short periods of time, 6 years or less, establishes a comprehensive framework to calculate and implement enforcement and provides imprisonment and/or fines for those who evade taxes. · Informed CitizenryThis legislation introduces a new tax specifically targeting profits (gains) generated from the sale or exchange of real estate that has been owned for a short duration—six years or less. The bi…Open in Informed Citizenry