Allows a gross income tax deduction for certain higher education tuition and fee expenses.

This bill allows New Jersey taxpayers with gross income of $85,000 or less to deduct certain higher education tuition and fee expenses paid for themselves, their spouse, or their dependents. The deduction applies to expenses for officially enrolled students at accredited public or independent colleges or universities. It covers tuition and fees paid during the tax year but does not apply to non-matriculated courses or institutions. The bill would take effect immediately upon enactment for taxable years starting after its passage.