This bill proposes a gross income tax deduction for taxpayers in New Jersey who pay union dues to labor organizations during the taxable year. It defines "union dues" as the total amount of dues, fees, assessments, or other charges required of members or public employees represented by a labor organization. Additionally, it defines "labor organization" as any entity that employees participate in for the purpose of addressing grievances, labor disputes, wages, hours of employment, or working conditions.

To claim this deduction, taxpayers must provide verification of the union dues paid, in a form and manner specified by the Director of the Division of Taxation. The bill is set to take effect immediately and will apply to taxable years beginning on or after January 1 following its enactment.