Eliminates supplemental realty transfer fee and one percent fee on transfers of certain commercial real estate and tax on sale of controlling interests in certain commercial real property.

This bill eliminates three specific fees on commercial real estate transactions: a supplemental realty transfer fee, a one percent fee on transfers of certain commercial properties, and a tax on the sale of controlling interests in certain commercial real property. It directly affects commercial property buyers and sellers by removing these costs for transactions meeting defined criteria under New Jersey law. The bill achieves this by amending and repealing sections of existing statutes (P.L.1968, c.49 and P.L.2004, c.66) that established these fees. This change reduces financial burdens for commercial real estate transfers without altering other property tax structures.