Increases gross income tax deduction for contributions to the New Jersey Better Educational Savings Trust (NJBEST) Program.

This bill increases the state tax deduction for New Jersey residents who contribute to the NJBEST college savings program. It raises the maximum annual deduction from $10,000 to $15,000 for taxpayers with gross income under $200,000. The bill also requires annual adjustments to both the deduction limit and income threshold based on the national consumer price index. These changes apply to contributions made in taxable years starting after the bill's enactment.