A 355
Provides gross income tax credit for donations to eligible schools to assist in funding of student meals, medical supplies, and playground equipment.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a gross income tax credit for donations made to eligible schools in New Jersey. The credit is equal to 10% of the donation's value, up to a maximum of $500 per year. Donations must be made to public or nonpublic elementary or secondary schools and used for student meals, medical supplies, or playground equipment. Donors must receive a written statement from the school verifying the donation.
Sponsors
Official sponsors from legislative records.
Primary sponsors
Gerry Scharfenberger
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