Allows gross income tax deduction for amounts paid for removal of lead, asbestos, sodium, chloride, and other contaminants from taxpayer's property.

This New Jersey bill (S 416) allows homeowners to deduct up to $45,000 annually from their gross income for specific property cleanup costs, regardless of income. It covers lead-based paint abatement, asbestos removal, lead plumbing replacement, soil remediation, leaded window replacement, and water treatment for sodium/chloride-contaminated well water (from road salt). Homeowners must submit municipal affidavits verifying work done by certified contractors and meet specific property requirements (e.g., primary residence). The deduction applies to expenses incurred since January 2018 and expires December 31, 2025.