Tag: New Jersey
January 29, 2010
ELEC Business Entity Annual Statement: Due March 30, 2010
No later than March 30, 2010, business entities that received payments of $50,000 or more through New Jersey government contracts in calendar year 2009 are required to file a Business Entity Annual Disclosure Form with the New Jersey Election Law Enforcement Commission. The law requires a business entity to disclose the details of all of its New Jersey government contracts (state, county, municipal, school board and fire district) where a business entity or any covered person or entity has made a "reportable" contribution (i.e. $300 or more) to a New Jersey political recipient during the 2009 calendar year. Covered persons and entities include: shareholders, principals, partners, officers, directors and their spouses and resident children. Covered entities include the vendor itself, the vendor's parent company and any subsidiaries and/or CPCs/PACs "directly or indirectly" controlled by the vendor. Not-for-profits are not currently required to file a Business Entity Annual Disclosure Form. In light of Governor Christie's Executive Order No. 7 will labor unions be required to file this form in the future? The Business Entity Annual Statement Form can be downloaded from the New Jersey Election Law Enforcement Commission's website.