NJ S511

Creates a New Jersey gross income tax deduction for higher education tuition and fee expenses paid during the taxable year

Limits eligibility to taxpayers with annual gross income of $85,000 or less

Covers tuition and fees for the taxpayer, their spouse, and dependents enrolled as matriculated students

Applies to public or independent institutions accredited by a nationally recognized accrediting agency recognized by the U.S. Secretary of Education

Takes effect immediately upon enactment and applies to taxable years beginning after that date