As I have previously discussed, state lawmakers in New Jersey are currently considering changes to the state’s estate and inheritance tax statutes. There are currently multiple bills being considered that range from raising the threshold and exemption amounts for the taxes to completely abolishing the state’s estate or inheritance tax. Supporters of changes that would reduce the taxes’ effect on the state’s taxpayers have been showing their support by gathering on the steps of the state capital. A list of estate and inheritance reform bills pending in New Jersey can be found here.
See Ashlea Ebeling, Renewed Push to Kill New Jersey Estate Tax, Forbes, Sept. 16, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
