Eliminates transfer inheritance tax for step-grandchildren.

This bill eliminates New Jersey's inheritance tax for step-grandchildren by changing the state's tax code to treat them the same as biological grandchildren and stepchildren. Currently, step-grandchildren (the children of a stepchild) face a 15% tax on inheritances up to $700,000 and 16% on larger amounts, while biological grandchildren and stepchildren pay no tax. The bill amends tax law to classify step-grandchildren as "Class A" beneficiaries, removing their tax liability entirely. This change applies to all estates where the decedent dies on or after January 1, 2025. The policy directly affects step-grandchildren inheriting property from a step-grandparent in New Jersey.