Allows gross income tax deductions totaling $300,000 over five taxable years for certain primary care physicians.

This New Jersey bill allows qualified primary care physicians - specializing in family medicine, internal medicine, pediatrics, or obstetrics/gynecology - to deduct up to $300,000 from their state income tax over five years. The deduction begins at $100,000 in the first year and decreases by $20,000 annually ($80,000, $60,000, $40,000, $20,000) for the next four years. To qualify, physicians must maintain a New Jersey practice for all five years; failure to do so requires repayment of the full deduction amount. The policy aims to address statewide primary care physician shortages by reducing tax liability for qualifying doctors.