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

Summary

Statement of the Assembly Commerce, Economic Development and Agriculture Committee, State of New Jersey, dated May 13, 2024, reporting favorably Assembly Bill No. 2462. The bill provides for voluntary contributions by taxpayers on gross income tax returns to support United Way of New Jersey. It establishes a special fund in the Department of the Treasury, the "United Way of New Jersey Fund," into which all donations are deposited. The Legislature is to appropriate the fund for distribution 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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