Allows distributions from NJBEST account to Roth IRA as qualified withdrawals and excludes such distributions from gross income tax.

This bill allows individuals to move funds from their New Jersey Better Educational Savings Trust (NJBEST) accounts directly into Roth Individual Retirement Accounts (IRAs) without paying state income tax on those distributions. The legislation amends existing state laws to classify these transfers as qualified withdrawals, meaning they are treated the same as other tax-advantaged educational savings distributions. By explicitly excluding these Roth IRA rollovers from gross income tax, the bill provides an additional flexibility option for account holders who wish to consolidate their educational savings with retirement funds. The changes directly affect NJBEST account holders who may want to use their educational savings for retirement planning purposes.