I/we understand that proceeds will benefit the New Jersey Republican State Committee state account. New Jersey law prohibits entities operating in certain regulated industries (casinos, financial institutions, insurance companies, utilities) from contributing. Business entities doing or seeking to do business with the State of New Jersey and certain individuals associated with those vendors may also be prohibited from contributing in excess of $300 per election per candidate, and $300 per calendar year per political party. Election Law allows contributions with a limit of $25,000 annually from individuals, PAC’s and corporations. Contributions are not deductible for income tax purposes.
A partnership or limited liability company may not contribute as an entity. However a check from a partnership or limited liability company may be accepted so long as it is accompanied by a letter allocating the contribution to the individual partner(s) or member(s) and is signed by each contributing partner or member. The letter must include each contributing partner’s home address. A partner’s total contribution, through the partnership and personally, cannot exceed the $25,000 annual limit.
NJ Election Law requires political committees to report the name, mailing address, occupation and name of employer for each individual whose contributions aggregate in excess of $300 in a calendar year.