N.J. Admin. Code § 18:26-3.1

Current through Register Vol. 56, No. 11, June 3, 2024

Section 18:26-3.1 - Estates subject to tax

(a) In addition to the inheritance tax imposed upon the transfer of property of a decedent in this State, the estates of all New Jersey residents dying after June 22, 1934, are subject to an estate tax.

(b) In a case where the aggregate of taxes paid to this and any other states, District of Columbia, territories, and possessions exceeds the amount of the allowable credit for state taxes under the Federal estate tax law, no estate tax is due this State.

(c) The estate tax is not imposed upon the estates of nonresidents of New Jersey.

N.J. Admin. Code § 18:26-3.1

Adopted by 50 N.J.R. 1624(a), effective 7/16/2018