Provides gross income tax exclusion for capital gains from sale of certain employer securities.

This bill creates a New Jersey gross income tax exclusion for capital gains earned when employees sell employer securities (like company stock) to specific employee ownership structures. It directly affects employees of small New Jersey businesses (fewer than 500 employees, not publicly traded, with headquarters in NJ) who participate in transactions where an Employee Stock Ownership Plan (ESOP), a New Jersey S corporation owned by an ESOP, or an eligible worker-owned cooperative acquires at least 30% ownership of the business. The key provision excludes these specific capital gains from state income tax calculation. This policy change applies to taxable years starting after the bill's enactment date.