Provides gross income tax exclusion for distributions from individual retirement accounts to qualified charitable organizations.

This bill would allow New Jersey residents to exclude from state gross income tax any distributions from their individual retirement accounts (IRAs) that are given to qualified charitable organizations. The exclusion applies to both Roth IRAs and traditional IRAs, making charitable contributions from these accounts tax-free at the state level. A "qualified charitable organization" is defined as one with tax-exempt status under section 501(c)(3) of the federal Internal Revenue Code. This change would make it more financially beneficial for New Jersey residents to make charitable gifts from their retirement accounts.