ASSEMBLY, No. 2161
STATE OF NEW JERSEY
219th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2020 SESSION
Sponsored by:
Assemblyman RAJ MUKHERJI
District 33 (Hudson)
Assemblyman DANIEL R. BENSON
District 14 (Mercer and Middlesex)
Assemblyman JAY WEBBER
District 26 (Essex, Morris and Passaic)
Co-Sponsored by:
Assemblywoman Chaparro, Assemblyman Verrelli, Assemblywoman Quijano, Assemblyman Danielsen and Assemblywoman DiMaso
SYNOPSIS
Allows NJ gross income tax deduction for charitable contributions of food made from business inventory.
CURRENT VERSION OF TEXT
As reported by the Assembly Consumer Affairs Committee on October 19, 2020, with amendments.
An Act allowing a charitable contribution tax deduction under the New Jersey gross income tax for contributions of food made from business inventory and supplementing chapter 3 of Title 54A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. A taxpayer shall be allowed to deduct from gross income the amount of charitable contributions of food made 1to and accepted by an organization1 in the taxable year equal to the amount which would have been allowed to the taxpayer for the federal taxable year under the provisions of paragraph (3) of subsection (e) of section 170 of the federal Internal Revenue Code (26 U.S.C. s.170) in effect on December 31, 2013.
2. This act shall take effect immediately and apply to taxable years beginning on or after the January 1 next following enactment.