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 for Taxable Year Beginning on or After January 1, 2021

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[Music] [Applause] Margaret marcucci was among the business owners considering leaving the state even considering putting her house on the market last year because New Jersey's estate tax threshold was so low I do know of other small business owners that have left already and that doesn't make me happy they abandoned the Garden State for New York or Pennsylvania or some moved to Florida for half the year in a day to change their residency and avoid paying huge tax bills when their assets were to change hands to relatives or upon death that was the driving force to change the law right now New Jersey taxes and estates value above six hundred seventy five thousand dollars the threshold goes to two million in January and then disappears in 2018 and goes ing to the federal level I am very happy that there is some recognition to try and retain some of our residents marcucci got the confidence to stay when she sat down for state planning with her cpa Kathleen Alexander we hav

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