Provides gross income tax deduction for residents who subscribe to New Jersey based newspapers.

This bill creates a $250 annual state income tax deduction for New Jersey residents who pay for subscriptions to newspapers headquartered in New Jersey and covering New Jersey news. The deduction applies to both print and digital subscriptions purchased directly by the taxpayer. It directly affects individual taxpayers who subscribe to qualifying New Jersey-based newspapers, such as local daily papers or digital news services. The policy change takes effect immediately upon enactment.