"New Jersey Student Support Act"; establishes program in Department of Treasury to provide tax credits to taxpayers contributing to organization which awards scholarships to certain nonpublic school students.

This bill would create a tax credit program allowing New Jersey taxpayers to receive a 75% credit against their state income tax for donations to approved scholarship organizations. It directly affects nonpublic school students who meet income criteria (household income ≤2.6x the federal reduced-price lunch threshold) attending schools complying with anti-discrimination and anti-bullying laws. The key mechanism requires scholarship organizations to spend 95% of donations on student aid, limit administrative costs to 5%, and adhere to strict eligibility rules. The program would have been capped at $37.5 million annually (adjusted for inflation), but the bill was withdrawn from consideration on June 13, 2024, and never became law.