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Bill > A4443
NJ A4443
NJ A4443Provides for voluntary contributions by taxpayers on gross income tax returns to State aid for public schools.
summary
Introduced
05/20/2024
05/20/2024
In Committee
05/20/2024
05/20/2024
Crossed Over
Passed
Dead
01/12/2026
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 a "School Aid Contribution Fund" to supplement state school aid. The funds collected cannot be used to replace the existing state school aid budget but must be used to increase overall funding for public schools. The bill establishes the "School Aid Contribution Fund" in the Department of the Treasury and requires the Legislature to appropriate all funds deposited in the fund to the Department of Education, which will then distribute the money to school districts.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Education Committee (on 05/20/2024)
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/A4443 |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4443_I1.HTM |
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