This bill establishes a special fund known as the "New Jersey Council for the Humanities Fund" within the Department of the Treasury, allowing taxpayers to make voluntary contributions through their gross income tax returns. Taxpayers can indicate a portion of their tax refund or an additional contribution to be deposited into this fund, which will be used to support public humanities programming in New Jersey. The bill also stipulates that the Division of Taxation may deduct any costs incurred for the collection or administration of these contributions before the funds are appropriated.

Furthermore, the bill mandates that the Legislature annually appropriate the funds deposited into the New Jersey Council for the Humanities Fund to the New Jersey Council for the Humanities. These appropriated funds will be utilized for grant funding to individuals and entities that promote humanities programming within the state. The act is set to take effect immediately and will apply to taxable years beginning on or after January 1 following its enactment.