Estate tax discharge upon filing a statement that the decedent's gross estate does not require state or federal tax filing.

This bill amends estate and transfer tax enforcement and collection laws to allow an estate tax discharge when an executor, trustee, or other estate representative files a sworn statement with the decedent's municipality that the value of the decedent's gross estate does not require a state or federal tax filing. Upon recording this statement, the division of taxation will issue a discharge of the estate tax lien. The bill also removes the filing fee for estates of decedents with a date of death on or after January 1, 2025.

Estate tax discharge upon filing a statement that the decedent's gross estate does not require state or federal tax filing.

This bill amends estate and transfer tax enforcement and collection laws to allow an estate tax discharge when an executor, trustee, or other estate representative files a sworn statement with the decedent's municipality that the value of the decedent's gross estate does not require a state or federal tax filing. Upon recording this statement, the division of taxation will issue a discharge of the estate tax lien. The bill also removes the filing fee for estates of decedents with a date of death on or after January 1, 2025.