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NJ S984
Bill
Status
1/9/2024
Primary Sponsor
Linda Greenstein
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AI Summary
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Creates a New Jersey gross income tax deduction for taxpayers who donate qualified vehicles to state or local law enforcement agencies, based on fair market value at the time of donation.
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Qualified vehicles include motor vehicles designed for public roads, boats, and airplanes, but exclude dealer inventory held for sale to customers.
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Donations valued over $500 require an independent appraisal to be attached to the tax return to claim the deduction.
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Law enforcement agencies accepting donations must provide written acknowledgment including the donor's name, vehicle make/model/year, identification number, and fair market value if over $500.
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The deduction cannot reduce taxable income below zero, and law enforcement agencies are not required to accept any vehicle offered.
Legislative Description
Requires water supplier to notify affected municipalities, school districts, charter schools, nonpublic schools, and institutions of higher education of violations of drinking water quality standards.
Substituted by another Bill
Last Action
Substituted by A1400 (1R)
12/18/2025