This bill proposes a gross income tax deduction for union dues paid by taxpayers to labor organizations in New Jersey. 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, including agencies or employee representation committees, that engages with employers on issues such as grievances, labor disputes, wages, and working conditions.

To claim this deduction, taxpayers must provide verification of the union dues paid during the taxable year, in a format 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.