Allows gross income tax deduction for income earned in form of tips.

This New Jersey bill would allow service industry workers to deduct reported tip income from their state taxable income. It requires tips to be documented through employer statements matching federal tax reporting (per 26 U.S.C.S. §6053(a)) or other approved documentation. The deduction applies to taxable years beginning after the law's effective date, directly affecting workers in tipped occupations like restaurants and hospitality. It modifies New Jersey's tax code to align tip reporting with federal requirements.