Bill > A3245

Introduced Session

This bill allows a New Jersey gross income tax deduction for charitable contributions made to qualified New Jersey-based charitable organizations. Under this bill, New Jersey gross income taxpayers may deduct, from gross income for the taxable year, charitable contributions made during the exclusion period to a qualified New Jersey-based charitable organization. The bill provides that the amount of the deduction is limited to $10,000 for joint filers and head of households and $5,000 for single filers, married taxpayers filing separately, or surviving spouses. The bill defines "qualified New Jersey-based charitable organization" as a charitable organization that is registered pursuant to the "Charitable Registration and Investigation Act," or an organization that is exempt from the registration requirements of that act, and maintains an office, employs persons, and provides services in this State. The bill also defines "exclusion period" as the period during which the Public Health Emergency declared by the Governor in Executive Order No. 103 of 2020 is in effect or whenever a Public Health Emergency has been declared by the Governor and is in effect, and for 30 days after the conclusion of any current or future public health emergencies.

AI Summary

Committee Categories

Aura Dunn (R)*, 

Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 01/09/2024)

Official Document