N.J. Admin. Code § 18:26-5.17
Current through Register Vol. 56, No. 8, April 15, 2024
The proceeds of a retirement contract purchased on an installment plan are subject to the New Jersey transfer inheritance tax when the decedent dies prior to the date of retirement and the payments are returned to either his or her estate or to a designated beneficiary, except for the exemption provided by N.J.S.A. 54:34-4.j.
N.J. Admin. Code § 18:26-5.17