Allows gross income tax deduction of up to $1,200 for purchases of school supplies by parents and guardians.

This bill (A128) creates a $1,200 annual deduction against New Jersey gross income tax for parents and guardians who purchase qualifying school supplies for students enrolled in public or nonpublic elementary, secondary, or higher education institutions in the state. It specifically covers common items like notebooks, pencils, paper, backpacks, calculators, and other classroom essentials listed in the bill. The deduction applies to purchases made during the taxable year and takes effect immediately upon enactment for the following calendar year. This policy directly affects New Jersey taxpayers with school-aged children by reducing their taxable income for eligible education-related expenses.