This bill establishes the New Jersey Reproductive Health Care Equitable Access Fund within the Department of the Treasury, allowing taxpayers to voluntarily contribute to the fund through their gross income tax returns. Taxpayers can indicate a portion of their tax refund or make an enclosed contribution to support reproductive health care services. The bill also stipulates that any administrative costs incurred by the Division of Taxation can be deducted from the contributions collected, with the net amount deposited into the fund.

Furthermore, the legislation mandates that the State must annually appropriate the funds collected for distribution to the three largest providers of reproductive health care services to Medicaid patients in the previous calendar year, as determined by the Commissioner of Health. These funds are specifically designated for providing reproductive health care services to individuals who cannot afford them. The bill defines "reproductive health care services" to encompass a range of medical, surgical, counseling, or referral services related to the human reproductive system, including pregnancy and its termination. The act is set to take effect immediately for taxable years beginning on or after January 1 following its enactment.