Excludes under gross income tax certain contributions to qualified pension plans, deferred compensation plans and provides deduction for certain individual retirement savings.
Makes $500,000 supplemental appropriation from Property Tax Relief Fund to Borough of North Caldwell to fund restoration of Walker's Family Home at Walker's Park and Walker's Park property.
Eliminates Energy Tax Receipts Property Tax Relief Aid and Consolidated Municipal Property Tax Relief Aid; establishes Municipal Property Tax Relief Fund.