Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance.
Directs Department of Agriculture to advertise and promote State aquaculture products through Jersey Fresh Program; establishes annual $25,000 appropriation.
Establishes option for students nearing completion of program in chiropractic medicine to participate in preceptorship provided by State-licensed chiropractor.
Requires Higher Education Student Assistance Authority to consider combined income of all cosigners on application for participation in New Jersey College Loans to Assist State Students (NJCLASS) Loan Program.
Prohibits State Board of Education from limiting number of certain two-year college credits that may be applied towards meeting teacher certification requirements.
Increases gross income tax relief based on rent constituting property taxes for residential tenants and establishes refundable gross income tax credit in place of gross income tax deduction for residential tenants.