N.J.S.A. 54:36-2 — Valuation of estates for life or years

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

This is the verbatim text of N.J.S.A. 54:36-2, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.