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Bill > A1503
NJ A1503
NJ A1503Provides for voluntary contributions by taxpayers on gross income tax returns to State aid for public schools.
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/11/2022
01/11/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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 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, and the funds cannot be used to replace the annual appropriation for State school aid.
Committee Categories
Budget and Finance, Education
Sponsors (3)
Last Action
Introduced, Referred to Assembly Education Committee (on 01/11/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A1503 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A2000/1503_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A2000/1503_I1.PDF |
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