Bill Text: NJ A3812 | 2010-2011 | Regular Session | Introduced

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Bill Title: Creates the option to make a voluntary contribution for the support of local libraries on gross income tax returns.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-02-17 - Introduced, Referred to Assembly Housing and Local Government Committee [A3812 Detail]

Download: New_Jersey-2010-A3812-Introduced.html

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ASSEMBLY, No. 3812

STATE OF NEW JERSEY

214th LEGISLATURE

 

INTRODUCED FEBRUARY 17, 2011

 

 

Sponsored by:

Assemblywoman  ANNETTE QUIJANO

District 20 (Union)

 

 

 

 

SYNOPSIS

     Creates the option to make a voluntary contribution for the support of local libraries on gross income tax returns.

 

CURRENT VERSION OF TEXT

     As introduced.

  

An Act allowing voluntary contributions through gross income tax returns for the support of local libraries, supplementing Title 54A of the New Jersey Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1. a. There is established in the Department of the Treasury a special fund to be known as the "Local Library Support Fund."

     b.    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 gross income tax refund or an enclosed contribution be deposited in the "Local Library Support Fund" and used in accordance with subsections b. and c. of this section.

     c.     Any costs incurred by the Division of Taxation for collection or administration attributable to the "Local Library Support Fund" may be deducted from contributions 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 "Local Library Support Fund."

     d.    The Legislature shall annually appropriate all moneys deposited in the "Local Library Support Fund" established pursuant to subsection a. of this section for the support of local libraries.

     e. As used in this section:

     "County library" means a public library established pursuant to chapter 33 of Title 40 of the Revised Statutes.

     "Local library" means a county library or a municipal library.

     "Municipal library" means a public library established pursuant to chapter 54 of Title 40 of the Revised Statutes.

 

     2.  This act shall take effect immediately and apply to taxable years commencing on or after the January 1 following the date of enactment.

 

 

STATEMENT

 

     This bill creates the option to make a voluntary contribution for the support of local libraries on gross income tax returns.  The bill establishes the Local Library Support Fund, which is where the receipts of voluntary contributions are deposited and ultimately appropriated for the support of county and municipal libraries.  The bill also authorizes the Division of Taxation to retain sufficient receipts to cover the cost of administering the voluntary contributions.