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NJ A4677
Bill
Status
6/28/2024
Primary Sponsor
Verlina Reynolds-Jackson
Click for details
AI Summary
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Increases the annual cigarette and tobacco products tax revenue allocation to the New Jersey Commission on Cancer Research from $1 million to $10 million
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Establishes a new non-lapsing, revolving Cancer Research Fund within the Department of the Treasury to replace the existing lapsing fund, preventing unspent money from being transferred to the General Fund
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Requires at least $5 million of the fund to support general cancer research and at least $5 million for pediatric cancer research specifically
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Authorizes the fund to accept additional moneys approved by the Department of Health or the commission beyond the $10 million tobacco tax allocation
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Places the State Treasurer as custodian of the fund, with disbursements made upon vouchers signed by the commission chairperson, and interest earned credited back to the fund
Legislative Description
Increases amount of cigarette and other tobacco products tax revenues provided to New Jersey Commission on Cancer Research to $10 million; establishes dedicated, non-lapsing Cancer Research Fund.
Health
Last Action
Introduced, Referred to Assembly Health Committee
6/28/2024