New Jersey Assembly Bill A1316

New Jersey 2024-2025 Regular Session

• Introduced: 1/9/24
• Refer: 1/9/24

Caption

Exempts volunteer fire companies from paying annual charitable registration fee.

Impact

The proposed amendment to the existing law would not only exempt volunteer fire companies from these fees but would also maintain the requirement for them to register as non-profit organizations. This is significant as it ensures that despite the exemption from fees, these organizations remain accountable under the same regulatory framework as other charities. The bill aims to facilitate continued volunteer services by reducing the financial strain caused by registration costs.

Summary

Assembly Bill A1316 is aimed at alleviating the financial burden on volunteer fire companies by exempting them from the annual registration fee mandated by the State's Charitable Registration and Investigation Act. Currently, these fees are tiered based on the organization's revenue, starting at $30 for those receiving up to $10,000, which can escalate to $250 for organizations with revenues exceeding $500,000. The bill recognizes the unique status of volunteer fire companies and seeks to support them in their operational activities.

Contention

While the bill may appear straightforward in its intention, discussions are likely to arise regarding the implications of fee exemptions for non-profit organizations in general. Some may argue that while volunteer fire companies do provide vital services, expanding fee exemptions could lead to calls for similar treatment for other non-profit organizations, potentially undermining the funding structure that supports various charities. Legislators may also debate the need for accountability measures to ensure that exempted organizations continue to fulfill their obligations effectively.