summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill allows a taxpayer to deduct from gross income the fair market value of a qualified vehicle that the taxpayer donates to a State or local law enforcement agency in the taxable year. A State or local law enforcement agency that accepts the donation of a qualified vehicle shall provide the taxpayer written acknowledgment that includes the name of the taxpayer; the make, model, and year of the vehicle; the vehicle or other identification number; and, if the value of the vehicle is greater than $500, the fair market value of the vehicle based on an independent appraisal provided by the taxpayer. Under the bill, a State or local law enforcement agency is not required to accept any vehicle offered as a donation.
AI Summary
This bill allows individuals to deduct the fair market value of a "qualified vehicle" they donate to a State or local law enforcement agency from their gross income in the year of the donation, with the deduction not reducing taxable income below zero. A qualified vehicle is defined as a motor vehicle, boat, or airplane primarily manufactured for use on public roads, excluding inventory from a vehicle dealer. To claim a deduction exceeding $500, the taxpayer must provide an independent appraisal of the vehicle's fair market value. The law enforcement agency accepting the donation must provide written acknowledgment to the taxpayer, including specific vehicle details and, if the value is over $500, the appraised fair market value. Importantly, law enforcement agencies are not obligated to accept any vehicle offered as a donation.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 01/13/2026)
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/2026/S984 |
| BillText | https://pub.njleg.gov/Bills/2026/S1000/984_I1.HTM |
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