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Bill

Bill

A 1523

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

2026-2027 Regular Session Introduced by Clinton Calabrese

New Jersey bill would eliminate inheritance taxes on property transfers between siblings, potentially reducing state revenue while benefiting estate-holding families.

Introduced, Referred to Assembly Regulated Professions Committee
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Bill Summary · A 1523

Legislative bill overview

Bill A 1523 would eliminate transfer inheritance taxes that New Jersey currently imposes when property passes from a deceased person to their siblings. Currently, New Jersey's inheritance tax applies different rates depending on the relationship between the decedent and heir, with siblings facing a 11-16% tax. This bill would remove that tax obligation entirely for sibling-to-sibling transfers.

Why is this important

Inheritance taxes directly affect how much money and property families can pass down to each other. Eliminating the sibling tax rate could increase wealth transfer within families and reduce the tax burden on estates with multiple children, though the revenue impact on the state budget would need to be quantified. This change could be particularly significant in New Jersey, which has one of the few remaining state-level inheritance taxes in the nation.

Potential points of contention

  • Revenue loss: Removing this tax category reduces state revenue; lawmakers must consider how to offset this loss or justify reduced government services
  • Equity concerns: The change primarily benefits wealthier families with substantial estates, while lower-income families rarely pay inheritance tax regardless
  • Partial reform questions: Eliminating only the sibling rate while keeping taxes on more distant relatives raises fairness questions about why some family relationships receive preferential treatment

Compiled from official sources — confirm details with the bill’s official record.

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