Allows gross income deduction for all wage income received by high school and college graduates during two consecutive taxable years following graduation from in-State school.

This bill allows New Jersey high school and college graduates who attended in-state schools to deduct all their wage income from state taxes for two consecutive years after graduation. It applies to graduates of public or private high schools in New Jersey, or public/private colleges meeting specific accreditation standards (like Rutgers or Rowan University). To qualify, graduates must live in New Jersey for the entire tax year they claim the deduction. The deduction covers all wages earned during the two years following graduation, without limiting eligibility for multiple claims (e.g., after both high school and college graduation).