Allows gross income tax deduction for amounts paid for removal of lead, asbestos, sodium, chloride, and other contaminants from taxpayer's property.

This bill allows New Jersey homeowners to deduct up to $45,000 annually from their gross income for removing specific contaminants from their primary residence. It covers lead-based paint, asbestos, lead pipes, and water treatment for sodium/chloride contamination (caused by road salt) in private wells. Homeowners must pay certified contractors for these removals, and the deduction applies regardless of income. The bill expires December 31, 2027, and retroactively covers eligible expenses since 2018.