N.J.S.A. § 54:34-1.1.
Irrevocable disposition of reserved income, rights, etc., over property transferred 3 years prior to death
A transfer of property by deed, grant, bargain, sale or gift wherein the transferor is entitled to some income, right, interest or power, either expressly or by operation of law, shall not be deemed a transfer intended to take effect at or after transferor's death if the transferor, more than 3 years prior to death, shall have executed an irrevocable and complete disposition of all reserved income, rights, interests and powers in and over the property transferred.
L.1955, c. 135, p. 623, s. 1.
Source: view the official text
In this chapter (14 sections)
- 54:34-1 · Transfers taxable
- 54:34-1.1. · Irrevocable disposition of reserved income, rights, etc.,…
- 54:34-2 · Transfer inheritance tax; phase-out
- 54:34-2.1. · Mutually acknowledged relationship of parent and child;…
- 54:34-3. · Ratio tax on transfer of property on nonresident
- 54:34-4 · Exemptions
- 54:34-5. · Deductions to ascertain market value
- 54:34-6. · Appointment of appraisers
- 54:34-7. · Compensation of appraisers
- 54:34-8. · Misconduct of appraiser; penalty
- 54:34-9. · Making appraisement; notice of; taking evidence; report
- 54:34-10. · Failure to testify before appraiser; penalty
- 54:34-12. · Levying the tax; notice to parties interested
- 54:34-13 · Appeal of appraisement, assessment