This bill amends N.J.S.54A:6-7 to provide a gross income tax exclusion for military compensation received by New Jersey residents who are stationed or deployed outside of the state for at least six months during the taxable year. The new legal language specifies that this exclusion applies to individuals who are either not domiciled in New Jersey or are domiciled in the state but serving outside of it for the specified duration.

The bill aims to support military personnel by ensuring that their out-of-state service does not adversely affect their tax obligations in New Jersey. It is set to take effect immediately and will apply to taxable years beginning on or after the date of enactment.