An Act making the fair share tax more equitable

This bill amends the tax code to exempt income from selling a primary residence from a 4% surtax, unless the profit equals or exceeds $2.5 million. It directly affects homeowners who sell their main home and realize gains below that threshold, allowing them to avoid the surtax on those sales. The exemption applies only if the home was occupied as a principal residence for at least 9 months prior to sale. This change adds to existing tax exemptions but does not alter the surtax for sales with gains of $2.5 million or more. The provision is limited to the surtax under Article 44 of the Constitution.