Bill
S 1893
Eliminates the New Jersey Transfer Inheritance Tax and repeals parts of chapters 33 through 37 of Title 54 of the Revised Statutes.
2024-2025 Regular Session
Introduced by Carmen Amato and 2 co-sponsors
S 1893 eliminates New Jersey's Transfer Inheritance Tax, removing approximately $1-2 billion in annual state revenue with unclear fiscal replacement plans.
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee