New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A2462

Introduced
1/9/24  
Refer
1/9/24  

Caption

Provides for voluntary contributions by taxpayers on gross income tax returns to support United Way of New Jersey.

Impact

The creation of the United Way of New Jersey Fund is expected to enhance funding for local United Way organizations across the state. This initiative seeks to bolster community-level services aimed at addressing human care needs, which can vary significantly from one municipality to another. By providing a structured mechanism for individuals to contribute financially, the bill aligns state tax policy with charitable giving, thereby potentially increasing the financial resources available for local organizations aiding communities in need.

Summary

Assembly Bill A2462, sponsored by Assemblywoman Annette Quijano, is a legislative proposal aimed at enabling voluntary contributions by taxpayers on their New Jersey gross income tax returns to support the United Way of New Jersey. The bill establishes a special fund known as the 'United Way of New Jersey Fund' in the Department of the Treasury, where taxpayer contributions can be deposited. Taxpayers will have the option to donate a portion of their tax refunds or make additional contributions specifically designated for this fund.

Contention

While the bill has garnered support for its philanthropic intentions, there may be points of contention regarding the implications for individual taxpayers and the effectiveness of the fund management. Critics could argue that relying on voluntary contributions might not yield sufficient support to meet the needs identified by local United Ways. Furthermore, the bill's administrative logistics, particularly concerning the costs deducted by the Division of Taxation for collection and management, might lead to discussions about efficiency and accountability in the distribution of funds.

Companion Bills

NJ A3939

Carry Over Provides for voluntary contributions by taxpayers on gross income tax returns to support United Way of New Jersey.

Previously Filed As

NJ A3939

Provides for voluntary contributions by taxpayers on gross income tax returns to support United Way of New Jersey.

NJ A1359

Provides for voluntary contributions by taxpayers on gross income tax returns to support NJ SHARES.

NJ A3262

Provides for voluntary contributions by taxpayers on gross income tax returns to support NJ SHARES.

NJ S1839

Provides for voluntary contributions by taxpayers on gross income tax returns to support healthcare education.

NJ A763

Provides for voluntary contributions by taxpayers on gross income tax returns to support historic preservation.

NJ A344

Provides for voluntary contributions by taxpayers on gross income tax returns for New Jersey Commission on Cancer Research.

NJ A3182

Provides for voluntary contributions by taxpayers on gross income tax returns for New Jersey Commission on Cancer Research.

NJ A2213

Provides for voluntary contributions by taxpayers on gross income tax returns to support public humanities programming in NJ.

NJ A2781

Provides for voluntary contributions by taxpayers on gross income tax returns to support public humanities programming in NJ.

NJ A4393

Provides for voluntary contributions by taxpayers on gross income tax returns to support programming to address family homelessness.

Similar Bills

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AZ HB2443

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CA SB1363

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CA SB1149

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