Provides gross income tax credit for certain homeschooling expenses.

This bill (S 1799) would create a non-refundable New Jersey gross income tax credit for eligible homeschooling expenses. It allows taxpayers with gross income under $150,000 to claim up to $1,000 per child or dependent (capped at $3,000 total per household) for qualified expenses like textbooks, educational software, curriculum rentals, and academic library memberships. The credit excludes home setup costs (computers, desks), school supplies (pens, paper), and internet fees. The bill is currently pending in the Senate Education Committee after introduction on January 9, 2024, and would apply to taxable years starting after its enactment.