Bill Text: NJ A3245 | 2024-2025 | Regular Session | Introduced
Bill Title: Allows gross income tax deduction for charitable contributions to certain New Jersey-based charitable organizations during public health emergency.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-01-09 - Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee [A3245 Detail]
Download: New_Jersey-2024-A3245-Introduced.html
STATE OF NEW JERSEY
221st LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION
Sponsored by:
Assemblywoman AURA K. DUNN
District 25 (Morris and Passaic)
SYNOPSIS
Allows gross income tax deduction for charitable contributions to certain New Jersey-based charitable organizations during public health emergency.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act allowing a gross income tax deduction for charitable contributions to certain New Jersey-based charitable organizations during a public health emergency.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. A taxpayer shall be allowed to deduct from gross income for a taxable year the amount of charitable contributions made to a qualified New Jersey-based charitable organization during the exclusion period. The deduction allowed pursuant to this section shall not exceed $10,000 for a married taxpayer filing a joint return or an individual filing as head of household and $5,000 for a married individual filing a separate return, unmarried individuals other than individuals filing as head of household, or a surviving spouse.
b. As used in this section:
"Exclusion period" means while the Public Health Emergency declared by the Governor in Executive Order No. 103 of 2020 is in effect or whenever a Public Health Emergency, pursuant to the "Emergency Health Powers Act," P.L.2005, c.222 (C.26:13-1 et seq.), has been declared by the Governor and is in effect, and for 30 days after the conclusion of any current or future public health emergencies.
"Qualified New Jersey-based charitable organization" means a charitable organization that:
(1) is registered pursuant to the "Charitable Registration and Investigation Act," P.L.1994, c.16 (C.45:17A-18 et seq.), or an organization that is exempt from the registration requirements of that act pursuant to section 9 of P.L.1994, c.16 (C.45:17A-26);
(2) maintains an office or employs persons in the State; and
(3) provides services in this State.
2. This act shall take effect immediately and apply to charitable contributions made on or after January 1, 2021.
STATEMENT
This bill allows a New Jersey gross income tax deduction for charitable contributions made to qualified New Jersey-based charitable organizations.
Under this bill, New Jersey gross income taxpayers may deduct, from gross income for the taxable year, charitable contributions made during the exclusion period to a qualified New Jersey-based charitable organization. The bill provides that the amount of the deduction is limited to $10,000 for joint filers and head of households and $5,000 for single filers, married taxpayers filing separately, or surviving spouses.
The bill defines "qualified New Jersey-based charitable organization" as a charitable organization that is registered pursuant to the "Charitable Registration and Investigation Act," or an organization that is exempt from the registration requirements of that act, and maintains an office, employs persons, and provides services in this State. The bill also defines "exclusion period" as the period during which the Public Health Emergency declared by the Governor in Executive Order No. 103 of 2020 is in effect or whenever a Public Health Emergency has been declared by the Governor and is in effect, and for 30 days after the conclusion of any current or future public health emergencies.
