New Jersey A 1242: Exempts transfers of property to Class C beneficiaries from transfer inheritance tax and increases filing threshold and applicable exclusion amount under estate tax to $5,000,000 over five-year period.

Status: Introduced in the Assembly, Referred to Assembly Budget Committee (as of 2016-01-27)

State: New Jersey · Session: 217 · Bill: A 1242

Subjects: INCOME TAX, PROPERTY, WILLS

Sponsors: Bucco, Anthony M., O'Scanlon, Declan J., Webber, Jay, Carroll, Michael Patrick, DeCroce, BettyLou, Rible, David P., Space, Parker

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