Assembly Commerce, Economic Development and Agriculture Statement to Assembly No. 2462 (May 13, 2024)

Summary

The Assembly Commerce, Economic Development and Agriculture Committee reported Assembly Bill No. 2462 favorably on May 13, 2024. Taxpayers could donate on gross income tax returns to a "United Way of New Jersey Fund" in the Treasury, distributed in equal amounts to each United Way in the State.

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ASSEMBLY COMMERCE, ECONOMIC DEVELOPMENT AND
           AGRICULTURE COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 2462

       STATE OF NEW JERSEY
                             DATED: MAY 13, 2024

           The Assembly Commerce, Economic Development and
      Agriculture Committee reports favorably Assembly Bill No. 2462.
           This bill provides for voluntary contributions by taxpayers on
      gross income tax returns to support United Way of New Jersey. The
      bill establishes a special fund in the Department of the Treasury, to be
      known as the “United Way of New Jersey Fund,” to which all
      donations collected from voluntary contributions are deposited. The
      bill requires the Legislature to appropriate all funds deposited in the
      special fund for distribution in equal amounts to each United Way in
      this State.
           This bill was pre-filed for introduction in the 2024-2025 session
      pending technical review. As reported, the bill includes the changes
      required by technical review, which has been performed.


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