New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 7 - DEDUCTION
Section 18:26-7.15 - State, county, and local taxes

Universal Citation: NJ Admin Code 18:26-7.15

Current through Register Vol. 56, No. 6, March 18, 2024

(a) A deduction is allowed for any State, county, and municipal taxes owing and unpaid at the date of death on any real property of a decedent that is subject to the New Jersey transfer inheritance tax. The amount of the deduction on such property for the current fiscal year, however, is limited to that sum representing unpaid taxes as the elapsed portion of said year bears to the full year. No deduction is allowed for State, county, or municipal taxes assessed or accruing subsequent to the death of the decedent.

(b) No deduction for unpaid State, county, and municipal taxes is allowed where the real property owned by the decedent was held by such decedent and a surviving spouse/civil union partner as tenants by the entirety, unless it can be shown that during the decedent's lifetime, the decedent appropriated all of the income from such property without having paid any of the State, county, and municipal taxes and other charges assessed against the real property.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.