Provides gross income tax deduction for certain wages of kindergarten through grade 12 school teachers.

This bill creates a 25% gross income tax deduction for K-12 teachers' wages. It directly affects teachers employed by public school districts (boards of education), charter schools, Renaissance school projects, or nonpublic schools in New Jersey. The deduction equals 25% of the wages paid by these employers during the taxable year. The policy applies to taxable years beginning after the bill's enactment date.