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Bill > A974
NJ A974
NJ A974Provides for voluntary contributions by taxpayers to General Fund on gross income tax return.
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 provides for a designation on the State gross income tax return that will permit taxpayers to make voluntary contributions to the General Fund. The General Fund is the fund into which all State revenues, not otherwise restricted by statute or the State Constitution, are deposited and from which appropriations are made. The largest part of the total financial operations of the State is accounted for in the General Fund. Revenues received from most taxes, federal revenues, and certain miscellaneous revenue items are recorded in the General Fund.
AI Summary
This bill provides for a designation on the State gross income tax return that will permit taxpayers to make voluntary contributions to the General Fund. The General Fund is the fund into which all State revenues, not otherwise restricted by statute or the State Constitution, are deposited and from which appropriations are made. The bill also allows the Division of Taxation to deduct any costs incurred for collection and administration from the contributions, and the State Treasurer will deposit the net contributions into the General Fund.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development 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/A974 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A1000/974_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A1000/974_I1.PDF |
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