New Jersey · 2026-2027 Regular Session · Bill

S 2427: Exempts all transfers made to lineal relatives from the Transfer Inheritance Tax.

In committee Last action January 13, 2026: Introduced in the Senate, Referred to Senate Budget and Appropriations Committee

Plain-language summary

S 2427 is a bill introduced in the New Jersey Senate on January 13, 2026. According to its official title, it concerns: Exempts all transfers made to lineal relatives from the Transfer Inheritance Tax. Primary sponsor: Tony Bucco (Republican), Paul Sarlo (Democratic). Most recent recorded action (January 13, 2026): Introduced in the Senate, Referred to Senate Budget and Appropriations Committee.

Sponsors

Primary sponsors: Tony Bucco (Republican); Paul Sarlo (Democratic).