This bill amends New Jersey's gross income tax law to provide a $3,000 annual exemption for taxpayers who are the surviving spouses of qualifying veterans. The definition of a qualifying veteran includes individuals who died while on active duty, were honorably discharged, or were released under honorable circumstances from active duty in the Armed Forces, a reserve component, or the National Guard of New Jersey. This new provision is added to the existing exemptions available to veterans, which currently allows a $6,000 deduction for veterans themselves.

The bill aims to extend financial relief to the widows and widowers of veterans, recognizing their sacrifices and the economic challenges they may face. It specifies that the exemption is only available during the surviving spouse's widowhood or widowerhood, and eligibility ceases if the surviving spouse remarries. This legislative change is intended to enhance the economic security of those who have lost their partners in service to the country.