And for the record, the new federal tax reform law, which doubles the exemption from the federal estate tax for the next 8 years, after which the higher threshold sunsets. But in New Jersey, outgoing Governor Chris Christie succeeded in eliminating the state tax on inheritances completely back when he signed a tax overhaul bill in 2016. As a result, effective January 1, the estate tax is gone in the Garden State and the state sales tax of 6.65% will drop by a quarter of a point to 6.625%. Now the hope – and the question – is whether democratic Governor-elect Phil Murphy will keep the new tax cuts or work with the democratic legislature to undo them.