Bill Text: NJ A3160 | 2014-2015 | Regular Session | Introduced
Bill Title: Provides for voluntary contributions by taxpayers on gross income tax returns for the NJ World War II Veterans' Memorial Fund.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2014-05-15 - Introduced, Referred to Assembly Military and Veterans' Affairs Committee [A3160 Detail]
Download: New_Jersey-2014-A3160-Introduced.html
Sponsored by:
Assemblyman VINCENT MAZZEO
District 2 (Atlantic)
SYNOPSIS
Provides for voluntary contributions by taxpayers on gross income tax returns for the NJ World War II Veterans' Memorial Fund.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning voluntary contributions through gross income tax returns for the NJ World War II Veterans' Memorial Fund, supplementing chapter 9 of Title 54A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. 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 NJ World War II Veterans' Memorial Fund established pursuant to section 1 of P.L.2005, c.59 (C.38A:3-2.4).
b. Any costs incurred by the Division of Taxation for collection or administration attributable to this section may be deducted from receipts collected pursuant to this section, as determined by the Director of the Division of Budget and Accounting. The State Treasurer shall deposit net contributions collected pursuant to this section into the NJ World War II Veterans' Memorial Fund for the purpose of the fund.
2. This act shall take effect immediately and apply to taxable years beginning on or after January 1 following enactment.
STATEMENT
This bill establishes the designation on the State gross income tax return for the NJ World War II Veterans' Memorial Fund that will permit taxpayers to make voluntary contributions to the fund to help support the work of the World War II Memorial Commission.
The commission was established by Executive Order No. 107 of 2004 to solicit and accept donations or grants of money on property from any source for the purposes of the NJ World War II Memorial. The voluntary tax return contributions shall be deposited in the fund and be annually appropriated to the DMAVA on behalf of the commission.
