NJ S3930

Creates a New Jersey gross income tax credit for homeschooling expenses up to $1,000 per child or dependent, with a maximum of $3,000 per taxpayer annually

Limits eligibility to taxpayers with gross income not exceeding $150,000 per taxable year

Qualified expenses include educational textbooks, workbooks, teacher's edition books, educational software, curriculum rental fees, and library/academic institution membership fees

Excludes home school setup materials (computers, desks, boards), consumable supplies (pencils, pens, paper), and internet service fees from qualified expenses

Takes effect immediately and applies to taxable years beginning on or after January 1 following enactment