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NJ A3545
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Louis Greenwald
Click for details
AI Summary
- New Jersey's transfer inheritance tax payment deadline would be extended from 8 months to 9 months after the decedent's death, aligning with the federal estate tax payment deadline
- Interest penalties of 10% per annum would begin accruing after 9 months (instead of the current 8 months) if taxes remain unpaid
- Reduced interest rate of 6% per annum would apply when estate settlement delays occur due to litigation or unavoidable causes, calculated from the 9-month mark rather than 8 months
- Executors, administrators, and trustees who fail to pay within 9 months must provide a bond to New Jersey in double the tax amount
- The changes apply immediately to transfer inheritance tax payments that become due on or after the enactment date
Legislative Description
Realigns transfer inheritance tax payment due date to coincide with payment due date for federal estate tax.
Regulated Professions
Last Action
Introduced, Referred to Assembly Regulated Professions Committee
1/13/2026
Committee Referrals
Regulated Professions1/13/2026
Full Bill Text
No bill text available