This bill establishes a special fund within the Department of the Treasury called the United Way of New Jersey Fund, which will receive voluntary contributions from taxpayers through their gross income tax returns. Taxpayers will have the option to designate a portion of their tax refund or make an additional contribution to this fund. The bill also stipulates that any administrative costs incurred by the Division of Taxation related to the collection of these contributions may be deducted from the total receipts, with the net contributions being deposited into the United Way Fund.

Furthermore, the bill mandates that the Legislature annually appropriate all funds in the United Way of New Jersey Fund for distribution in equal amounts to each United Way organization in the state, thereby supporting their various programs and services. This initiative aims to enhance the capacity of local United Way organizations to address community needs effectively. The act is set to take effect immediately and will apply to taxable years beginning on or after January 1 following its enactment.