N.J. Admin. Code § 19:25-15.16

Current through Register Vol. 56, No. 11, June 3, 2024

Section 19:25-15.16 - Limitation on contributions eligible for match

(a) Any contributions in the form of the purchase price paid for an item with significant intrinsic and enduring value (such as a watch) shall be eligible for match only to the extent the purchase price exceeds the fair market value of the item or benefit conferred on the contributor, and only the excess will be included in calculating the $ 4,900 contribution limit.

(b) A contribution in the form of the purchase price paid for admission to a testimonial affair, as defined at N.J.A.C. 19:25-1.7, shall be a contribution eligible for match and for purposes of the $ 4,900 limitation.

(c) The purchase price paid to a candidate for a fund raising event or admission to any activity that primarily confers private benefits to the contributor in the form of entertainment (such as a concert, motion picture or theatrical performance) shall be deemed the amount of the contribution made to such candidate. The tickets for such an event and the promotional materials shall state that the purchase price represents a political contribution to the candidate.

N.J. Admin. Code § 19:25-15.16

Amended by 50 N.J.R. 911(a), effective 2/20/2018

Amended by 52 N.J.R. 2190(a), effective 12/21/2020