Excludes tips from gross income tax.

This New Jersey bill would exclude tips earned from gross income tax calculations. Currently, tips are considered taxable income under state law, but this bill would remove them from the definition of gross income for tax purposes. The change would directly affect service industry workers who receive tips, making those earnings non-taxable for state income tax. The bill specifically amends tax code sections to treat tips as "property acquired by gift" rather than taxable income.