Bill

Bill > A2544


NJ A2544

NJ A2544
Exempts volunteer fire companies from charitable registration fees.


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

With the exception of religious organizations and schools, tax exempt organizations that raise funds are subject to the payment of fees under the State's Charitable Registration and Investigation Act of 1994. Fees are based on the level of funds raised by the organization. For example, a volunteer fire company that raises between $100,000 and $500,000 in contributions would pay $150 in fees. Organizations which raise $25,000 or less are exempt from fees. This bill would exempt volunteer fire companies from payment of these fees. Roughly 750 fire organizations, which pay fees totaling approximately $52,000, would benefit.

AI Summary

This bill would exempt volunteer fire companies from having to pay charitable registration fees under the State's Charitable Registration and Investigation Act of 1994. Currently, tax-exempt organizations that raise funds are subject to these fees, with the amount depending on the level of funds raised. This bill would create an exemption for volunteer fire companies, which would benefit around 750 such organizations that currently pay approximately $52,000 in fees annually.

Committee Categories

Business and Industry

Sponsors (4)

Last Action

Introduced, Referred to Assembly Consumer Affairs Committee (on 01/09/2024)

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