Bill
Bill > A1520
summary
Introduced
01/27/2016
01/27/2016
In Committee
01/27/2016
01/27/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 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 exempts volunteer fire companies from paying charitable registration fees under the State's Charitable Registration and Investigation Act of 1994. Typically, tax-exempt organizations that raise funds are subject to these fees, which are based on the level of funds raised. However, this bill would exempt volunteer fire companies from these fees, benefiting roughly 750 fire organizations that currently pay around $52,000 in fees annually.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Consumer Affairs Committee (on 01/27/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/A2000/1520_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A2000/1520_I1.PDF |
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