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Bill > A1110
NJ A1110
NJ A1110Provides for voluntary contributions by taxpayers to General Fund on gross income tax return.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 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, which is the fund into which all State revenues not otherwise restricted are deposited and from which appropriations are made. The bill allows for the deduction of any costs incurred by the Division of Taxation for the collection and administration of these contributions, and requires the State Treasurer to deposit the net contributions into the General Fund.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 01/09/2024)
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/2024/A1110 |
| BillText | https://pub.njleg.gov/Bills/2024/A1500/1110_I1.HTM |
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