Allows NJ gross income tax deduction for charitable contributions of food made from business inventory.

S 1303 allows New Jersey businesses to deduct charitable donations of food from their business inventory on their state income tax return. It mirrors the federal tax deduction for "apparently wholesome food" (food meeting safety standards but not selling well due to appearance or other factors) and applies regardless of whether the business claims federal itemized deductions. The deduction covers food donated to IRS-qualified charitable organizations. This directly affects businesses like grocers or restaurants that donate surplus food, providing a tax incentive for such contributions. The bill takes effect for tax years starting after its enactment.