N.J. Admin. Code § 19:25-10.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 19:25-10.4 - Computation of contribution amounts

(a) A contribution received in the form of goods (that is, an in-kind contribution) shall be reported in an amount equal to the fair market value of the goods to the candidate, candidate committee, joint candidates committee, political committee, continuing political committee, political party committee or legislative leadership committee receiving such goods.

(b) A contribution in the form of "paid personal services" as defined in N.J.A.C. 19:25-1.7, Definitions, shall be reported in an amount equal to the amount of salary, compensation or consideration for said services paid by the contributor to the individual performing said services.

(c) Personal services performed by an individual on a voluntary, non-compensated basis do not constitute a reportable contribution.

1. Example 1: E is a certified public accountant, who, in aid of the candidacy of candidate A has undertaken to set up the necessary books and records to reflect the financial operations of the campaign of candidate A. E employs in his office several accountants, bookkeepers and clerical personnel who perform some of the work required to maintain the financial records for the campaign of candidate A. The services of E do not constitute a contribution to candidate A since they are voluntary and uncompensated personal services. The value of the services of the accountants and other employees of E, estimated as described in (b) above, are a contribution to candidate A.

N.J. Admin. Code § 19:25-10.4

Amended by R.2000 d.322, effective 8/7/2000.
See: 32 New Jersey Register 1291(a), 32 New Jersey Register 2930(a).
In(a), inserted references to in-kind contributions and to candidates.