SUBCHAPTER 5. TRANSFERS SUBJECT TO TAX
N.J.A.C. 18:26-5.2 (2014)
§ 18:26-5.2 Transfers of residents and nonresidents
(a) Residents. Transfers by will or by the intestate laws of this State of real or tangible personal property situated in this State and intangible personal property, such as stock, bonds, securities, and mortgages wherever located from the estate of a resident decedent who died seized or possessed of such property, are subject to the tax. Intangible personal property of a resident decedent is deemed situated in this State, regardless of where it is actually located, since by law personalty is deemed to follow the domicile of its owner.
(b) Nonresidents. In the case of a nonresident decedent, only real or tangible personal property located within this State of which the decedent was seized or possessed transferred by will or intestate law are subject to the tax.