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.