NJ S2026

Creates a permanent, year-round sales tax exemption for school supplies, school art supplies, school instructional materials, computers under $3,000, and school computer supplies under $1,000 when purchased by individuals for non-business use.

Eliminates the current "back-to-school" sales tax holiday that only runs from late August through Labor Day, replacing it with the permanent exemption.

Removes sports and recreational equipment from the sales tax exemption; these items will no longer qualify for tax-free purchase.

Allows teachers employed at public or nonpublic elementary and secondary schools in New Jersey to deduct up to $500 from gross income for unreimbursed classroom supply purchases.

Sales tax exemption applies to sales made on or after the first day of the fourth month following enactment; income tax deduction applies to taxable years beginning January 1 after enactment.