Provides gross income tax exclusion for distributions from individual retirement accounts to qualified charitable organizations.

This bill (A-1290) would amend New Jersey's tax code to exclude distributions from individual retirement accounts (IRAs) made to qualified charitable organizations from taxable gross income. It directly affects New Jersey residents who use IRA funds for charitable giving, allowing those distributions to be treated as non-taxable income for state tax purposes. The key mechanism is an amendment to the definition of "gross income" in New Jersey law, specifically adding that such charitable IRA distributions are not included in taxable income. This change aligns New Jersey's treatment of these distributions with federal tax rules for charitable IRA gifts. The bill is currently in committee referral.