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

This bill eliminates New Jersey's Transfer Inheritance Tax, which previously taxed beneficiaries receiving assets from estates. It repeals all related statutes (including those taxing siblings, non-relatives, and other "lateral" transfers at up to 16%) and takes effect for deaths on or after July 1, 2015. The change ends New Jersey's status as one of only six states with an inheritance tax and one of two states (with Maryland) imposing both an inheritance tax and an estate tax. Existing tax obligations for deaths before this date remain unaffected.