Provides gross income tax exclusion for military compensation paid to State residents for out-of-State military service.

This bill excludes certain military compensation from New Jersey's gross income tax for residents who serve outside the state. Specifically, it applies to New Jersey residents stationed or deployed out-of-state for at least six months during a taxable year. The exclusion covers pay from the U.S. Armed Forces, including mustering-out payments and housing allowances, but only for service performed outside New Jersey. It directly affects New Jersey military members stationed or deployed out-of-state, reducing their state tax burden on that income.