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 state residents who serve outside New Jersey for at least six months during a taxable year. It directly affects New Jersey residents serving in the U.S. Armed Forces while stationed or deployed outside the state. The key provision amends the tax code to exclude military pay received for out-of-state service, separate from standard military benefits like housing allowances. The exclusion applies immediately to taxable years beginning after enactment.