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Bill > S1778


NJ S1778

NJ S1778
Provides for voluntary contributions by taxpayers on gross income tax returns to State aid for public schools.


summary

Introduced
01/09/2024
In Committee
01/09/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 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. The funds collected will be deposited into the "School Aid Contribution Fund" and used to supplement, not replace, the annual state appropriation for school aid. The funds cannot be used to supplant the prior year's state school aid appropriation.

Committee Categories

Education

Sponsors (1)

Last Action

Senate Education Hearing (10:00:00 3/17/2025 Committee Room 6, 1st Floor, State House Annex, Trenton, NJ) (on 03/17/2025)

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