"New Jersey Student Support Act"; establishes program to Department of Treasury to provide tax credits to taxpayers contributing to organization which awards scholarships to certain nonpublic school students.

The New Jersey Student Support Act creates a tax credit program allowing New Jersey taxpayers to claim 75% of their contributions (minimum $100) to approved student support organizations that award scholarships. These scholarships are for New Jersey students from low-income families (household income not exceeding 2.6 times the federal reduced-price lunch guidelines) attending participating nonpublic schools that meet specific eligibility criteria. The program limits total annual tax credits to $37.5 million and requires scholarship organizations to spend no more than 5% of contributions on administration. The bill also establishes a separate $37.5 million annual grant program for public school districts with high poverty rates to fund student support services like tutoring and counseling.