This bill proposes a gross income tax deduction for qualified health care professionals employed by health care entities in New Jersey. Specifically, it allows these professionals to deduct 25 percent of their hourly wages from their gross income for the taxable year. The bill defines "health care entity" to include various licensed facilities and organizations, such as health care facilities, health maintenance organizations, managed care plan carriers, psychiatric hospitals, developmental centers, staffing registries, and home care services agencies.

Additionally, the bill outlines the criteria for a "qualified health care professional," which includes individuals licensed as registered nurses, licensed practical nurses, advanced practice nurses, physician assistants, or respiratory care practitioners. It also includes those certified as homemaker-home health aides, nurse aides, or direct support professionals. The act is set to take effect immediately and will apply to taxable years beginning on or after January 1 of the year following its enactment.