Establishes the "Veteran Obituary Fund" in New Jersey to cover obituary costs for veterans.
The bill establishes a dedicated, non-lapsing "Veteran Obituary Fund" within the New Jersey Department of the Treasury. This fund will be used to cover the costs of obituaries for veterans. The fund will receive money through donations, grants, or other sources, including state appropriations. The bill allows taxpayers to deduct donations to the fund from their gross income, up to $50,000 per taxable year. For donations exceeding $500, taxpayers must provide an independent appraisal of the fair market value of the donated property.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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