Exempts from "Sales and Use Tax Act" certain retail sales of computers and school supplies; allows $500 gross income tax deduction to teachers purchasing school supplies for classroom use.

This bill provides two tax benefits: it exempts retail sales of certain school supplies, art supplies, instructional materials, computers under $3,000, and school computer supplies under $1,000 from New Jersey's sales tax when purchased by individuals for non-business use year-round (replacing a temporary back-to-school holiday). It also creates a $500 annual deduction for eligible teachers' unreimbursed classroom expenses, including items like books, pencils, computers, and lab equipment. The tax exemption applies to sales after the fourth month following enactment, while the deduction applies to taxable years starting after the next January 1. These provisions directly affect students purchasing supplies, parents buying school items, and teachers covering classroom costs.