New York State replaced its estate tax and repealed its gift tax. This Article will trace the history of the New York State gift and estate taxes, explain the burden they imposed upon New York State residents in relation to other states, and examine the recent legislation in New York State which will gradually eliminate such inequities.
New York Lifts Death Tax Penalty,
25 Fordham Urb. L.J. 135
Available at: http://ir.lawnet.fordham.edu/ulj/vol25/iss1/4