New Jersey A 1523: Makes certain changes to public access of government records.

Bill Text

A1523 

ASSEMBLY, No. 1523 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblyman CLINTON CALABRESE

District 36 (Bergen and Passaic)

SYNOPSIS

���� Eliminates transfer inheritance taxes on brothers and 
sisters of a decedent.

CURRENT VERSION OF TEXT 

���� Introduced Pending Technical Review by Legislative 
Counsel.

�� 

An Act 
eliminating transfer inheritance taxes on brothers or sisters of a decedent, 
amending R.S.54:34‑2.

Be It Enacted by the Senate and 
General Assembly of the State of New Jersey:

���� 1.��� R.S.54:34-2 is amended 
to read as follows:

���� 54:34-2.��� a.� (1)� The 
transfer of property to a husband or wife, or a domestic partner as defined in 
section 3 of P.L.2003, c.246 (C.26:8A‑3), of a decedent shall be taxed at 
the following rates: 

For transfers made 
through December 31, 1984:

On any amount in excess of 
$15,000.00, up to $50,000.00 .........��� 2%

On any amount in excess of 
$50,000.00, up to $100,000.00 ........�� 3%

On any amount in excess of 
$100,000.00, up to $150,000.00 ...... 4 %

On any amount in excess of 
$150,000.00, up to $200,000.00 .......� 5%

On any amount in excess of 
$200,000.00, up to $300,000.00 .......� 6%

On any amount in excess of 
$300,000.00, up to $500,000.00 .......� 7%

On any amount in excess of 
$500,000.00, up to $700,000.00 .......� 8%

On any amount in excess of 
$700,000.00, up to $900,000.00 .......� 9%

On any amount in excess of 
$900,000.00, up to $1,100,000.00 ... 10%

On any amount in excess of 
$1,100,000.00, up to $1,400,000.00. 11%

On any amount in excess of 
$1,400,000.00, up to $1,700,000.00. 12%

On any amount in excess of 
$1,700,000.00, up to $2,200,000.00. 13%

On any amount in excess of 
$2,200,000.00, up to $2,700,000.00. 14%

On any amount in excess of 
$2,700,000.00, up to $3,200,000.00. 15%

On any amount in excess of 
$3,200,000.00 ..............................��� 16%

���� For transfers made on or after 
 January 1, 1985 there shall be no tax imposed under this paragraph. 

���� (2)� The transfer of property 
to a father, mother, grandparent, child or children of a decedent, or to any 
child or children adopted by the decedent in conformity with the laws of this 
State, or of any of the United States or of a foreign country, or the issue of 
any child or legally adopted child of a decedent, shall be taxed at the 
following rates: 

���� For transfers through June 
 30, 1985:

On any amount in excess of 
$15,000.00, up to $50,000.00 ........�� 2%

On any amount in excess of 
$50,000.00, up to $100,000.00 .......�� 3%

On any amount in excess of 
$100,000.00, up to $150,000.00 ......�� 4%

On any amount in excess of 
$150,000.00, up to $200,000.00 ......�� 5%

On any amount in excess of 
$200,000.00, up to $300,000.00 ......�� 6%

On any amount in excess of 
$300,000.00, up to $500,000.00 ......�� 7%

On any amount in excess of 
$500,000.00, up to $700,000.00 ......�� 8%

On any amount in excess of 
$700,000.00, up to $900,000.00 ......�� 9%

On any amount in excess of 
$900,000.00, up to $1,100,000.00 ... 10%

On any amount in excess of 
$1,100,000.00, up to $1,400,000.00. 11%

On any amount in excess of 
$1,400,000.00, up to $1,700,000.00. 12%

On any amount in excess of 
$1,700,000.00, up to $2,200,000.00. 13%

On any amount in excess of 
$2,200,000.00, up to $2,700,000.00. 14%

On any amount in excess of 
$2,700,000.00, up to $3,200,000.00. 15%

On any amount in excess of 
$3,200,000.00 ..............................�� 16%

���� For transfers made from July 
 1, 1985 through June 30, 1986: 

On any amount in excess of 
$50,000.00, up to $100,000.00 .......��� 3%

On any amount in excess of 
$100,000.00, up to $150,000.00 ......�� 4%

On any amount in excess of 
$150,000.00, up to $200,000.00 ......�� 5%

On any amount in excess of 
$200,000.00, up to $300,000.00 ......�� 6%

On any amount in excess of 
$300,000.00, up to $500,000.00 ......�� 7%

On any amount in excess of 
$500,000.00, up to $700,000.00 ......�� 8%

On any amount in excess of 
$700,000.00, up to $900,000.00 ......�� 9%

On any amount in excess of 
$900,000.00, up to $1,100,000.00� 10%

On any amount in excess of 
$1,100,000.00, up to $1,400,000.00. 11%

On any amount in excess of 
$1,400,000.00, up to $1,700,000.00. 12%

On any amount in excess of 
$1,700,000.00, up to $2,200,000.00. 13%

On any amount in excess of 
$2,200,000.00, up to $2,700,000.00. 14%

On any amount in excess of 
$2,700,000.00, up to $3,200,000.00. 15%

On any amount in excess of 
$3,200,000.00 .............................�� 16%

���� For transfers made from July 
 1, 1986 through June 30, 1987: 

On any amount in excess of 
$150,000.00, up to $200,000.00 ......��� 5%

On any amount in excess of 
$200,000.00, up to $300,000.00 ......�� 6%

On any amount in excess of 
$300,000.00, up to $500,000.00 ......�� 7%

On any amount in excess of 
$500,000.00, up to $700,000.00 ......�� 8%

On any amount in exc