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DISCLAIMER:
Proceeds will benefit ROC NJ Political Action Committee. New Jersey law prohibits entities operating in certain regulated industries (casinos, financial institutions, insurance companies, utilities) from contributing. Election Law allows contributions with a limit of $14,400 towards the Political Action Committee per calendar year from individuals and corporations and $75,000 per calendar year from county, national, and legislative leadership political party committees.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 partners’ home address. A partner’s total contribution, through the partnership and personally, cannot exceed the $14,400 per calendar year limit. Contributions are not deductible for income tax purposes.