This bill establishes a gross income tax credit of up to $500 for spouses of military servicemembers who incur professional relicensing fees when relocating to New Jersey due to military orders. An "eligible spouse" is defined as someone married to a member of the Armed Forces who relocates to the State under a permanent change of station order. The term "qualified relicensing fees" refers to the fees necessary for obtaining a state-required license or certification in a profession that the spouse practiced prior to the move. The credit applies to fees incurred from the date the permanent change of station order is issued until the first day of the thirteenth month following the reporting date specified in that order.

The bill aims to alleviate the financial burden on military families who frequently relocate and must navigate the costs of re-establishing their professional credentials in a new state. By providing this tax credit, the legislation supports military spouses in rebuilding their careers and contributes to the overall well-being of military families in New Jersey. The Director of the Division of Taxation is tasked with creating the necessary procedures and forms for taxpayers to certify their eligibility for the credit.