New Jersey Administrative Code
Title 18 - TREASURY - TAXATION
Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX
Subchapter 8 - ASSESSMENT AND VALUATION
Section 18:26-8.17 - Patents, trademarks, copyrights, and other items

The valuation of a patent, trademark, copyright, license, or franchise, is a question of fact in each instance. The representative(s) of the estate has the burden of proof to show the history of the item being valued, the state of the art, or the monopoly created as of the date of death. The bookkeeping entries or original costs are not regarded as a reliable gauge of value. In most cases, the date of death value is primarily based upon the probable earnings such items will bring their owner(s).