SUBCHAPTER 5. TRANSFERS SUBJECT TO TAX
N.J.A.C. 18:26-5.6 (2014)
§ 18:26-5.6 Inter vivos transfers
(a) Any transfer of real or tangible personal property situated in this state or intangible personal property wherever situated in the case of a resident decedent or of real or tangible personal property situated in this State in the case of a non-resident decedent made by such decedent during his lifetime, whether in contemplation of death or intended to take effect in possession or enjoyment at or after decedent's death, is subject to the New Jersey Inheritance Tax. Any such transfers will be taxed upon the clear market value of the transferred property on the date of death.
(b) In the case of a resident decedent, all intangible personal property is deemed to be situated in this State, even though it may be actually located anywhere outside the State.