A 316
Eliminates transfer inheritance tax for step-grandchildren.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would eliminate the New Jersey transfer inheritance tax for step-grandchildren. Currently, step-grandchildren are taxed as Class D beneficiaries, subject to a 15% tax on the first $700,000 and 16% on amounts exceeding that. The bill would reclassify step-grandchildren as Class A beneficiaries, similar to stepchildren and grandchildren, thereby exempting them from this tax. The law would take effect on January 1, 2025.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsor
Michael Inganamort
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.