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NJ S1778
Bill
Status
Introduced
1/9/2024
Primary Sponsor
Angela Mcknight
Click for details
AI Summary
- Establishes the "School Aid Contribution Fund" within the Department of the Treasury to collect voluntary taxpayer donations for public school funding
- Allows taxpayers to designate a portion of their New Jersey gross income tax refund or make an enclosed contribution to the fund when filing their returns
- Requires the Legislature to annually appropriate all fund money to the Department of Education for distribution to school districts under the School Funding Reform Act of 2008
- Prohibits contributions from being used to supplant or replace existing State school aid appropriations from the prior fiscal year
- Administrative costs incurred by the Division of Taxation may be deducted from collected receipts before deposit into the fund
Legislative Description
Provides for voluntary contributions by taxpayers on gross income tax returns to State aid for public schools.
Education
Last Action
Introduced in the Senate, Referred to Senate Education Committee
1/9/2024
Committee Referrals
Education1/9/2024
Full Bill Text
No bill text available