Bill Text: NJ A1400 | 2010-2011 | Regular Session | Introduced
Bill Title: Provides for voluntary contributions by taxpayers on gross income tax returns to the "American Red Cross-NJ Fund".
Spectrum: Bipartisan Bill
Status: (Engrossed - Dead) 2011-11-10 - Received in the Assembly, 2nd Reading on Concurrence [A1400 Detail]
Download: New_Jersey-2010-A1400-Introduced.html
STATE OF NEW JERSEY
214th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2010 SESSION
Sponsored by:
Assemblyman MICHAEL PATRICK CARROLL
District 25 (Morris)
Assemblyman PETER J. BIONDI
District 16 (Morris and Somerset)
Co-Sponsored by:
Assemblymen Wisniewski, Cryan and Assemblywoman Quijano
SYNOPSIS
Provides for voluntary contributions by taxpayers on gross income tax returns to the "American Red Cross-NJ Fund".
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel
An Act concerning voluntary contributions through gross income tax returns to the "American Red Cross-NJ Fund".
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. There is established in the Department of the Treasury a special fund to be known as the "American Red Cross-NJ Fund."
b. Each taxpayer shall have the opportunity to indicate on the taxpayer's New Jersey gross income tax return that a portion of the taxpayer's tax refund or an enclosed contribution shall be deposited in the special fund.
c. Any costs incurred by the Division of Taxation for collection or administration attributable to this act may be deducted from receipts collected pursuant to this act, as determined by the Director of the Division of Budget and Accounting in the Department of the Treasury. The State Treasurer shall deposit net contributions collected pursuant to this section to the "American Red Cross-NJ Fund."
d. The Legislature shall annually appropriate all funds deposited in the "American Red Cross-NJ Fund" to the American Red Cross of Central New Jersey for allocation to each of the New Jersey Chapters of the American Red Cross to support its programs of emergency response with its aim of preventing and relieving suffering.
2. This act shall take effect immediately and section 1 shall apply to taxable years commencing on or after January 1 following enactment.
STATEMENT
This bill establishes the "American Red Cross-NJ Fund" and provides for a designation on the State gross income tax return that will permit taxpayers to make voluntary contributions to the fund to support the efforts and initiatives of American Red Cross.
Along with disaster relief, the American Red Cross also offers compassionate services that help the needy; support and comfort for military members and their families; collection, processing and distribution of life-saving blood and blood products; and an average of 91 cents of every dollar donated goes to humanitarian services and programs. It relies on time, money and blood.
