New Jersey Administrative Code › Title 18 - TREASURY - TAXATION › Chapter 26 - TRANSFER INHERITANCE AND ESTATE TAX › Subchapter 3 - ESTATE TAX-DECEDENTS DYING ON OR BEFORE DECEMBER 31, 2001 › Section 18:26-3.6 - Payment; due date; interest; extension of time

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The New Jersey
				estate tax is due at the date of a decedent's death. However, if payment is made
				within nine months from the date of death, no late penalty is imposed.
(b) All or any part of the estate tax due this
				State, if not paid within nine months from the date of the death, will bear interest
				at the rate of 10 percent per annum from the expiration of the said nine months
				until the date of actual payment, unless an extension of time to file the Federal
				estate tax return is granted, in which case the Director may reduce the interest
				rate to six percent per annum until the expiration of the extension or the filing of
				the Federal estate tax return, whichever is earlier. If the decedent was a member of
				the United States armed forces, the estate tax will not bear interest until the
				expiration of nine months after receipt of official notification of the decedent's
				death by the decedent's husband, wife, father, mother, or next of kin.
(c) All administrators, executors, trustees,
				grantees, donees, and buyers, are personally liable for any and all estate taxes
				until paid, for which an action at law shall lie in the name of the State.
(d) The executor, administrator, trustee, other
				person, or corporation liable for the payment of the estate tax must file with the
				Director a copy of the Federal estate tax return within 30 days after the filing of
				the original with the Federal government, and any other evidence, information, or
				data that the Director deems necessary. A copy of any communication from the Federal
				government making any final change in said return, or confirming, increasing, or
				diminishing the tax thereby shown to be due is to be filed within 30 days after
				receipt thereof
(e) The Director may,
				for cause shown, extend the time for payment with interest at the rate of 10 percent
				per annum for such period as the circumstances, in the Director's discretion, may
				require.
(f) All New Jersey estate tax
				returns must be filed within nine months following the death of the decedent.
The Director may grant an extension of time in which the return
				  may be filed. An estate representative may request an extension of time to file the
				  New Jersey estate tax return for a period up to that allowed by the IRS by filing
				  Form IT-EXT (Application for Extension of Time to File a Return). A copy of the
				  request for a Federal extension and, if Federal approval is not automatic, a copy of
				  the Federal approval must be attached to the request. The Director's grant of an
				  extension of time to file the estate tax return does not extend the time to pay the
				  tax. The tax liability is due on the decedent's date of death and must be paid in
				  full within nine months. Any extension granted for the filing of the New Jersey
				  estate tax return expires upon the filing of the Federal estate tax
				  return.