Bill > A1306

Introduced Session

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

Committee Categories

Lou Greenwald (D)*, 

Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee (on 01/11/2022)

Official Document