New Jersey Estate Tax Repeal

As a result of a compromise with Democratic leaders in the New Jersey Legislature, Governor Christie recently signed legislation that includes a number of changes to New Jersey’s estate, income, and sales and use tax laws. The highlights of the new law include a phase out of the New Jersey estate tax by January 1, 2018 and an increase in the gas tax by 23 cents per gallon beginning November 1, 2016.  To read the full client alert, click here.