NJ A1242 | 2016-2017 | Regular Session
Note: Carry Over of previous A4225
Status
Spectrum: Partisan Bill (Republican 7-0)
Status: Introduced on January 27 2016 - 25% progression, died in committee
Action: 2016-01-27 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 27 2016 - 25% progression, died in committee
Action: 2016-01-27 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Exempts transfers of property to Class C beneficiaries from transfer inheritance tax and increases filing threshold and applicable exclusion amount under estate tax to $5,000,000 over five-year period.
Title
Exempts transfers of property to Class C beneficiaries from transfer inheritance tax and increases filing threshold and applicable exclusion amount under estate tax to $5,000,000 over five-year period.
Sponsors
| Sen. Anthony M. Bucco [R] | Rep. Jay Webber [R] | Sen. Declan O'Scanlon [R] | Rep. BettyLou DeCroce [R] |
| Rep. Michael Carroll [R] | Sen. Parker Space [R] | Rep. David Rible [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-27 | Assembly | Introduced, Referred to Assembly Budget Committee |
Same As/Similar To
A4225 (Carry Over) 2015-02-24 - Introduced, Referred to Assembly Budget Committee
S1101 (Same As) 2016-02-08 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
S1101 (Same As) 2016-02-08 - Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2016/A1242 |
| Text | https://pub.njleg.gov/Bills/2016/A1500/1242_I1.HTM |
