Bill > A2931

Introduced Session

This bill realigns the transfer inheritance tax payment due date to coincide with the payment due dates for the State and federal estate taxes. 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 New Jersey Estate Tax - 9 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 other inheritance tax payment due dates. 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

JoAnn Downey (D)*,  Lou Greenwald (D)*, 

Introduced, Referred to Assembly Budget Committee (on 02/16/2016)