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Bill > A1816

NJ A1816

NJ A1816
Exempts volunteer fire companies from charitable registration fees.

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

With the exception of religious organizations and schools, tax exempt organizations that raise funds are subject to the payment of fees under the State's Charitable Registration and Investigation Act of 1994. Fees are based on the level of funds raised by the organization. For example, a volunteer fire company that raises between $100,000 and $500,000 in contributions would pay $150 in fees. Organizations which raise $25,000 or less are exempt from fees. This bill would exempt volunteer fire companies from payment of these fees. Roughly 750 fire organizations, which pay fees totaling approximately $52,000, would benefit.

AI Summary

This bill would exempt volunteer fire companies from having to pay charitable registration fees under the State's Charitable Registration and Investigation Act of 1994. Currently, tax-exempt organizations that raise funds are required to pay fees based on the amount they raise, with some exceptions like religious organizations and schools. This bill would add volunteer fire companies to the list of organizations exempt from these fees. Roughly 750 fire organizations that currently pay around $52,000 in fees would benefit from this exemption.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Introduced, Referred to Assembly Consumer Affairs Committee (on 01/14/2020)
(3 Companion Bills)

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