SUBCHAPTER 2. IMPOSITION AND COMPUTATION OF TAX
N.J.A.C. 18:26-2.3 (2014)
§ 18:26-2.3 Computation of tax
The New Jersey Inheritance Tax is computed upon the clear market value of the property transferred, but only upon that portion in excess of the exemptions and deductions allowable under the law on the date of the transferor's death at the rates then in effect.