§1 –

C.54A:9-25.32

 


P.L.2013, CHAPTER 13, approved January 29, 2013

Senate, No. 1855

 

 


An Act concerning voluntary contributions through gross income tax returns to support New Jersey athletes participating in the 2014 Special Olympics USA Games, supplementing chapter 9 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. There is established in the Department of the Treasury a special fund to be known as the “2014 NJ Special Olympics Home Team Fund.”

     b. For the taxable years beginning in calendar years 2012 and 2013, a taxpayer shall have the opportunity to indicate on the taxpayer’s New Jersey gross income tax return that a portion of the taxpayer’s tax refund or an enclosed contribution shall be deposited in the “2014 NJ Special Olympics Home Team Fund” in accordance with the provisions of section 1 of P.L.1999, c.21 (C.54A:9-25.14). 

     c. Any costs incurred by the Division of Taxation for collection or administration attributable to this section may be deducted from receipts collected pursuant to this section, as determined by the Director of the Division of Budget and Accounting in the Department of the Treasury.  The State Treasurer shall deposit net contributions collected pursuant to this section into the “2014 NJ Special Olympics Home Team Fund.”

     d. The Legislature shall annually appropriate all funds deposited

in the “2014 NJ Special Olympics Home Team Fund” to Special Olympics New Jersey.  All monies appropriated to Special Olympics New Jersey shall be used solely to fund expenses associated with the training of New Jersey athletes participating in the 2014 Special Olympics USA Games and the participation of New Jersey athletes in the 2014 Special Olympics USA Games, including but not limited to: equipment, insurance, room and board, travel, and uniforms.

     e. On the first day of the seventh month after the conclusion of the 2014 Special Olympics USA Games, monies within the “2014 NJ Special Olympics Home Team Fund” shall be appropriated to Special Olympics New Jersey and used solely to fund expenses associated with New Jersey athletes’ training for and participation in future Special Olympics games, including but not limited to: equipment, insurance, room and board, travel, and uniforms.

 

     2. This act shall take effect immediately.


STATEMENT

 

     This bill provides for voluntary contributions by taxpayers on gross income tax returns to support New Jersey athletes participating in the 2014 Special Olympics USA Games.  The bill establishes a special fund in the Department of the Treasury, to be known as the “2014 NJ Special Olympics Home Team Fund,” to which all donations collected from voluntary contributions are deposited.  The bill requires the Legislature to appropriate all funds deposited in the special fund to Special Olympics New Jersey to help fund the training and participation of New Jersey athletes in the 2014 Special Olympics USA Games. 

     Special Olympics New Jersey is a not-for-profit organization dedicated to providing year-round sports training and athletic competition for children and adults with intellectual disabilities.  In doing so, Special Olympics New Jersey helps to provide these individuals the opportunity to develop physical fitness, demonstrate courage, experience joy, and build friendships with other Special Olympic athletes and members of the community.

      The NJ Special Olympics “Home Team” will be comprised of athletes from throughout New Jersey who will have qualified for selection to the team through advancement in statewide competitions.  This team of athletes will represent New Jersey in the 2014 Special Olympics USA Games.  New Jersey has been selected to host the 2014 Special Olympics USA Games.

 

 

                                

 

     Concerns voluntary contributions through gross income tax returns to support New Jersey athletes participating in 2014 Special Olympics USA Games.