N.J. Stat. § 54A:6-5

Current through L. 2024, c. 80.

Section 54A:6-5 - Gifts and inheritances

a. The value of property acquired by gift, bequest, devise or inheritance.

b. Income. Subsection a. shall not exclude from gross income:

1. The income from any property referred to in subsection a.

2. Where the gift, bequest, devise or inheritance is of income from property, the amount of such income.

N.J.S. § 54A:6-5

L.1976, c.47, s.54A:6-5, eff. 7/8/1976, operative 8/30/1976.