Allows $250 gross income tax deduction for members of military on active duty.

This bill would allow New Jersey taxpayers who serve as active-duty members of the U.S. Armed Forces for the entire taxable year to deduct $250 from their gross income when calculating state income tax. It directly affects military members stationed in New Jersey who maintain full-time active duty status throughout a tax year. The deduction reduces taxable income by a fixed $250 amount for qualifying taxpayers. The law would take effect immediately upon enactment for tax years beginning on or after the following January 1.