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NJ S3858
Bill
Status
3/10/2026
Primary Sponsor
Robert Singer
Click for details
AI Summary
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Amends R.S.54:34-2.1 to reclassify step-grandchildren (issue of any stepchild) from Class D beneficiaries to Class A beneficiaries under New Jersey's Transfer Inheritance Tax Act
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Eliminates the transfer inheritance tax for step-grandchildren, who currently face rates of 15% on transfers up to $700,000 and 16% on amounts exceeding that threshold
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Treats step-grandchildren the same as biological grandchildren and stepchildren, who are already exempt from the transfer inheritance tax as Class A beneficiaries
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Takes effect January 1, 2025
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Sponsored by Senator Robert W. Singer representing District 30 (Monmouth and Ocean counties)
Legislative Description
Eliminates transfer inheritance tax for step-grandchildren.
Budget and Appropriations
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
3/10/2026