NJ A2696

Establishes the "New Jersey Family Homelessness Fund" in the Department of the Treasury to receive voluntary taxpayer contributions through gross income tax returns.

Taxpayers may designate a portion of their refund or enclose a contribution to be deposited into the fund when filing their New Jersey gross income tax returns.

Administrative costs incurred by the Division of Taxation for collection may be deducted from receipts before deposit into the fund.

All fund monies must be annually appropriated by the Legislature for distribution to Family Promise, a 501(c)(3) national organization, for allocation to its independently-run local affiliates operating in New Jersey.

Funds support families at risk for or experiencing homelessness through prevention services, emergency shelter services, and housing stabilization services, effective for taxable years beginning January 1 following enactment.