Provides gross income tax credit for certain homeschooling expenses.

This bill creates a non-refundable tax credit for New Jersey residents who homeschool their children or dependents, allowing eligible taxpayers to claim up to $1,000 per child for qualified educational expenses, with a maximum total credit of $3,000 per household. To qualify, the taxpayer's gross income must not exceed $150,000, and the credit applies to expenses such as textbooks, educational software, curriculum rentals, and library memberships, while excluding items like furniture, basic school supplies, and internet fees. Married couples filing separately can each claim half of the total credit amount for jointly incurred expenses, and the credit can only be applied to reduce tax liability to zero, not result in a refund. The legislation takes effect for taxable years beginning on or after January 1 following its enactment.