Eliminates transfer inheritance tax for step-grandchildren.

This bill eliminates the New Jersey transfer inheritance tax for step-grandchildren by treating them the same as biological grandchildren and stepchildren. It amends state law to classify step-grandchildren as Class A beneficiaries, making their property transfers tax-exempt rather than subject to the current 15-16 percent tax rate. The change applies to estates of decedents dying on or after January 1, 2025, and does not allow for refunds of taxes paid before that date.