Bill
Bill > A2767
NJ A2767
NJ A2767Realigns transfer inheritance tax payment due date to coincide with payment due date for federal estate tax.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 DeathFederal 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 due date for the New Jersey transfer inheritance tax to coincide with the payment due date for the federal estate tax. Specifically, the bill 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
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee (on 01/09/2024)
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/2024/A2767 |
| BillText | https://pub.njleg.gov/Bills/2024/A3000/2767_I1.HTM |
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