New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 8 - ASSESSMENT AND VALUATION
Section 18:26-8.14 - Assets of close corporation or partnership of known market value
Universal Citation: NJ Admin Code 18:26-8.14
Current through Register Vol. 56, No. 18, September 16, 2024
(a) When determining book value of the stock of a closely held corporation or interest in a partnership, no discount will be allowed on assets that have a definite, established, and known daily market value and are readily reducible to cash at that value (that is, stocks and bonds).
(b) In ascertaining the book value of the common stock of a closely held corporation, the preferred stock, issued and outstanding, must be deducted at par value.
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