N.J. Admin. Code § 18:26-6.2

Current through Register Vol. 56, No. 8, April 15, 2024

Section 18:26-6.2 - Class "C" transfers

(a) The transfer of property having an aggregate clear market value of $ 25,000 or less that is transferred to a brother or sister of decedent or to a spouse or surviving spouse of a child of a decedent is exempt from the New Jersey transfer inheritance tax.

(b) In instances where the decedent dies on or after February 19, 2007, the transfer of property having an aggregate clear market value of $ 25,000 or less, which is transferred to a civil union partner or surviving civil union partner of a child of a decedent is exempt from the New Jersey transfer inheritance tax.

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