Exempts all transfers made to lineal relatives from the Transfer Inheritance Tax.

This bill exempts all property transfers between direct family members (such as parents to children, grandparents to grandchildren, or adopted children) from New Jersey's Transfer Inheritance Tax. It directly affects individuals receiving inherited assets from lineal relatives, eliminating tax liability on these transfers. The key change permanently implements an existing 2022 provision (effective January 1, 2022) that previously provided this exemption, making it automatic for all future transfers. The exemption applies regardless of the transfer amount and covers both biological and legally adopted lineal relationships.