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 serve in the Armed Forces but 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 meet the deployment criteria.

The bill aims to support military personnel by ensuring that their compensation is not taxed while they are serving away from their home state. It is set to take effect immediately and will apply to taxable years beginning on or after the date of enactment.