Can such an exit tax survive a Federal court challenge? Regulation of interstate commerce is assigned to the Federal government in the U.S. Constitution. Additionally, there would be discriminatory issues if the New Jersey state authorities treat a resident of, say, Tennessee, differently than a resident of New Jersey on the sale of real property in New Jersey.
Interesting question. The feds offer real estate tax breaks for for home owners that live in their homes for a period of time. Do the Sates have to follow the federal guid lines? no they don’t. Most agree to...