No, NJ will tax every dollar of taxable income. However, if your personal exemptions in lines 6-12 are more than the income on line 27 then there would be no taxable income and zero tax.
Having said that, normally there would be other lines calculated such as line 30 and lines 41, 42, 44 and 49 prior to line 50. I recommend in the step-by-step mode revisiting the federal interview "Personal Info" and "Wages and Income" sections to verify entries there.
Next click through the NJ interview to verify the entries there specifically the "General Info" and "Adjustments" sections.
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