summary
Introduced
03/07/2022
03/07/2022
In Committee
03/07/2022
03/07/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Phases out the transfer inheritance tax over two years.
AI Summary
This bill phases out the transfer inheritance tax over two years. Specifically, it reduces the tax rate by 50% for transfers made in the first year after the bill's enactment, and completely eliminates the tax for transfers made in the second year and beyond.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 03/07/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A3401 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3500/3401_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3500/3401_I1.PDF |
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