N.J. Admin. Code § 5:30-18.4

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

Section 5:30-18.4 - Cap on individual donation to charitable fund creditable toward property taxes

The governing body of a municipality or county shall establish an individual credit-eligible donation cap for each charitable fund, which shall set the maximum dollar amount or percentage that an individual or entity may be credited toward property taxes in a given year. The individual credit-eligible donation cap shall not be construed to limit all donations to the charitable fund; rather the cap shall only limit the amount of total donations creditable toward property tax obligations.

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

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