Eliminates the New Jersey Transfer Inheritance Tax and repeals parts of chapters 33 through 37 of Title 54 of the Revised Statutes.

This bill eliminates New Jersey's Transfer Inheritance Tax for estates of decedents dying on or after July 1, 2021. It repeals all existing laws imposing this tax, which previously taxed transfers to beneficiaries (including siblings, non-relatives, and others) at rates up to 16%, affecting anyone receiving assets from a New Jersey estate. The repeal removes New Jersey from the list of six states with an inheritance tax. Existing tax obligations for deaths before July 1, 2021, remain unaffected.