Bill
Bill > A2526
NJ A2526
NJ A2526Realigns the transfer inheritance tax payment due date to coincide with the payment due dates for federal estate taxes.
summary
Introduced
02/03/2020
02/03/2020
In Committee
02/03/2020
02/03/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill realigns the transfer inheritance tax payment due date to coincide with the payment due date for the federal estate tax. The purpose of this bill is to simplify New Jersey's inheritance tax filing procedures. Generally, inheritance tax payments are due within the following periods: New Jersey Transfer Inheritance Tax - 8 Months after Death Federal Estate Tax - 9 Months after Death This bill adjusts the final payment due date for the New Jersey transfer inheritance tax to within nine months following death to coincide with the due date for the federal estate tax. The bill takes effect immediately and applies to New Jersey transfer inheritance tax payments that become due on or after the date of enactment.
AI Summary
This bill realigns the transfer inheritance tax payment due date in New Jersey to coincide with the payment due date for the federal estate tax. Specifically, it adjusts the final payment due date for the New Jersey transfer inheritance tax from 8 months to 9 months after death, to align with the 9-month due date for the federal estate tax. The purpose is to simplify New Jersey's inheritance tax filing procedures. The bill takes effect immediately and applies to transfer inheritance tax payments due on or after the date of enactment.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Introduced, Referred to Assembly Budget Committee (on 02/03/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A3000/2526_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A3000/2526_I1.PDF |
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