Bill > S3957

Introduced Session

This bill allows a gross income tax deduction for charitable contributions that are made to New Jersey-based charitable organizations. The bill provides that the amount of the deduction cannot be more than $20,000 for a married couple filing jointly, $10,000 for a married person filing separately, or $10,000 for an individual filing as a single taxpayer. The federal charitable contributions deduction is only allowed if the taxpayer itemizes deductions on their federal tax return. This means that if a federal taxpayer takes the standard deduction instead of itemizing deductions, the taxpayer cannot claim a charitable contributions deduction on their federal tax return. In contrast, the deduction allowed by this bill is allowed regardless of whether the taxpayer itemized deductions or took the standard deduction on their federal tax return. However, the deduction allowed by this bill is tied to the federal charitable contributions deduction for purposes of what qualifies as a charitable contribution.

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Tom Kean (R)*, 

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 06/16/2021)