This bill establishes the Veteran Obituary Fund within the New Jersey Department of the Treasury, designed to support the costs associated with veteran obituaries. The fund will receive contributions from various sources, including donations, grants, and state appropriations, and will be managed by the State Treasurer. The Adjutant General and the Deputy Commissioner of Veterans Affairs are authorized to solicit donations and distribute appropriations for the fund. Additionally, the bill mandates that the State Treasurer certify the total amount of funds available at specified intervals.

Taxpayers will be allowed to deduct contributions made to the Veteran Obituary Fund from their gross income, with a cap of $50,000 per taxable year. If the value of donated property exceeds $500, taxpayers must provide an independent appraisal and submit it with their tax return. The Department of Military and Veterans Affairs is required to acknowledge donations in writing, including the donor's name and the appraised value of the property when applicable. This initiative aims to ensure that New Jersey veterans can be honored through obituaries without the burden of associated costs.