New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A2544

Introduced

1/9/24

Refer

1/9/24

Caption

Exempts volunteer fire companies from charitable registration fees.

Impact

By exempting volunteer fire companies from these registration fees, A2544 could facilitate increased fundraising efforts within these organizations. The current fee structure ties fees to the amount of funds raised, with companies that raise between $100,000 and $500,000 required to pay $150 in fees. This bill aims to encourage volunteer fire companies to engage more freely in fundraising activities without the deterrent of fees, thereby enhancing their operational capabilities and fostering community involvement. Although the financial relief is beneficial, the bill's implications also resonate with broader discussions around charitable organizations and the regulatory landscape governing them.

Summary

A2544 is a legislative bill introduced in the New Jersey Assembly that aims to exempt volunteer fire companies from the registration fees required under the Charitable Registration and Investigation Act of 1994. This bill addresses a specific need within the community of volunteer fire services, streamlining the process for these organizations which are typically operated by volunteers. The exemption is intended to alleviate financial burdens on approximately 750 volunteer fire organizations that together currently pay around $52,000 in fees annually, particularly those raising substantial funds through community support.

Contention

While the bill has garnered support from various stakeholders, it is important to note that there are potential competing interests regarding the regulation of charitable organizations. Some lawmakers may argue against the bill on the grounds that it could set a precedent for further exemptions that might complicate the oversight of fundraising activities across different sectors. There is also a concern about how exempting such organizations might impact the level of transparency and accountability that is typically enforced through registration. These points of contention may influence discussions as the bill moves through the legislative process.