New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 2 - IMPOSITION AND COMPUTATION OF TAX
Section 18:26-2.3 - Computation of tax
Universal Citation: NJ Admin Code 18:26-2.3
Current through Register Vol. 56, No. 6, March 18, 2024
The New Jersey transfer inheritance tax is computed on the portion of the clear market value of the property transferred in excess of any deductions set forth in N.J.S.A. 54:34-5(see N.J.A.C. 18:26-7) or any exemptions permitted under N.J.S.A. 54:34-4(see N.J.A.C. 18:26-6) at the rates then in effect on the date of the transferor's death.
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