Bill

Bill > A1745


NJ A1745

NJ A1745
Provides for voluntary contributions by taxpayers on gross income tax returns to State aid for public schools.


summary

Introduced
01/14/2020
In Committee
01/14/2020
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill allows taxpayers to contribute a portion of their New Jersey gross income tax refund towards State aid for public schools. Taxpayers may indicate on their gross income tax return that a portion of their tax refund be deposited into the "School Aid Contribution Fund." The Legislature will use the funds collected to supplement State school aid in addition to, and not in place of, the annual appropriation for State school aid. Any funds collected may not be used to supplant the amount of State funds appropriated to State school aid from the prior fiscal year.

AI Summary

This bill allows taxpayers to contribute a portion of their New Jersey gross income tax refund towards state aid for public schools. Taxpayers can indicate on their gross income tax return that they would like a portion of their refund to be deposited into the "School Aid Contribution Fund." The Legislature will use the collected funds to supplement, not replace, the annual appropriation for state school aid. The funds cannot be used to supplant the prior fiscal year's state school aid appropriation.

Committee Categories

Budget and Finance

Sponsors (4)

Last Action

Introduced, Referred to Assembly Appropriations Committee (on 01/14/2020)

bill text


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