New Jersey § 54:36-2 Valuation of estates for life or years

New Jersey Statutes

§ 54:36-2 — Valuation of estates for life or years

New Jersey § 54:36-2

Title 54TAXATION

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Bluebook

N.J. Stat. Ann. § 54:36-2 (2026).

Text

In determining the value of a life estate, annuity, or estate for a term of years, the United States Life Tables, after December 31, 1970, Single Life Male 6% and Single Life Female 6%, published by the United States Department of Health, Education and Welfare, Public Health Service, with interest at the rate of 6% per annum, shall be used and shall be effective with respect to estates of decedents dying on or after January 1, 1978. Amended by L.1977, c. 219, s. 2, eff. July 1, 1978.

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In determining the value of a life estate, annuity, or estate for a term of years, the United States Life Tables, after December 31, 1970, Single Life Male 6% and Single Life Female 6%, published by the United States Department of Health, Education and Welfare, Public Health Service, with interest at the rate of 6% per annum, shall be used and shall be effective with respect to estates of decedents dying on or after January 1, 1978. Amended by L.1977, c. 219, s. 2, eff. July 1, 1978.