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  • NJ A2154
  • Increases filing threshold for the New Jersey estate tax.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill increases the threshold for filing a New Jersey estate tax return from $675,000 to $900,000 for the estate of a resident decedent dying after December 31, 2010. Currently, a New Jersey estate tax return must be filed if the decedent's gross estate plus adjusted taxable gifts determined in accordance with the provisions of the Internal Revenue Code in effect on December 31, 2001 exceeds $675,000. The New Jersey estate tax is imposed on the estate of a resident decedent equal to the amount of the credit allowed under federal estate tax law for state inheritances taxes paid, based on the terms of the federal estate tax in effect on December 31, 2001, or at the election of the estate, pursuant to a simplified system developed by the Director of the Division of Taxation.
Budget
Introduced, Referred to Assembly Budget Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Budget Committee
Date Motion Yea Nay Other
None specified