Provides gross income tax exclusion for minimum required distributions from qualified retirement plans.

This bill excludes minimum required distributions (RMDs) from New Jersey's gross income tax. RMDs are mandatory annual withdrawals from retirement accounts for people aged 72 or older, required by federal law. The bill specifies that these distributions will no longer count toward taxable income for New Jersey residents, directly benefiting seniors who receive such withdrawals. It applies to all qualifying retirement plans under federal tax code definitions, reducing state tax burdens for affected retirees starting after the bill's enactment.