Increases gross income tax deduction available to veterans from $6,000 to $12,000.

S 3273 increases New Jersey's tax deduction for eligible veterans from $6,000 to $12,000, directly affecting veterans honorably discharged from active duty in the U.S. Armed Forces, National Guard, or reserve components. The bill amends the state's tax code to double the deduction amount available when calculating gross income tax liability. This change applies to taxable years beginning after the bill's enactment date. The deduction remains available to qualifying veterans regardless of other personal exemptions.