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 creates two tax benefits in New Jersey. First, it permanently exempts from sales tax retail purchases of specific school-related items bought by individuals for personal use, including computers under $3,000, school supplies (like notebooks and pencils), art supplies, and instructional materials. Second, it allows eligible K-12 teachers to deduct up to $500 annually from their gross income for unreimbursed classroom supply expenses, such as books, computers, or lab equipment. The sales tax exemption applies to all sales after the fourth month following enactment, replacing the temporary annual "back-to-school" tax holiday. It directly affects individual consumers buying school items and public/private school teachers purchasing classroom materials.