N.J. Admin. Code § 5:30-18.12

Current through Register Vol. 57, No. 1, January 6, 2025

Section 5:30-18.12 - Receipt to donor from a charitable fund regarding donation

(a) A donor must be provided, by the municipality or county, with a receipt in connection with their donation to a municipal or county charitable fund. This receipt must contain, at minimum, the following information:

1. Name and mailing address of the donor;

2. Name of fund or funds to which donation was made;

3. The total amount of the charitable contribution;

4. The date on which the contribution was made and, if applicable, the date on which the contribution cleared;

5. The percentage and dollar amount of the administrative fee as a component of the donor's charitable fund contribution;

6. The block, lot, qualifier, and property address of each parcel located within the local unit, if any, for which the donor seeks a credit against the annual property tax obligation;

7. The donation amount that is creditable against the donor's annual municipal or county property tax obligation;

8. A statement that no goods or services were provided in exchange for this donation; and

9. A statement that the municipality or county makes no representations with respect to the treatment of charitable fund donations by the Internal Revenue Service.

(b) A municipality or county may elect to provide a summary receipt at the request of the donor featuring, at a minimum, only the information set forth in (a)1, 2, 3, 4, and 8 above.

(c) If a portion of a charitable donation gets deposited into a spillover fund established by the municipality or county, the receipt shall so state and also contain the following information in addition to that required under (a) above:

1. The dollar amount of the portion of the donation deposited into the spillover fund;

2. The block, lot, qualifier, and property address of each parcel located within the local unit, if any, for which the donor seeks a credit against the annual property tax obligation from the portion of the donation deposited into the spillover fund; and

3. A statement that the donation, or portion thereof, in the spillover fund may be carried over to be applied against no more than the next five consecutive annual property tax bills.

N.J. Admin. Code § 5:30-18.12

Adopted by 50 N.J.R. 2247(a), effective 9/21/2018

Amended by 51 N.J.R. 828(a), effective 4/30/2019