ELEC Business Entity Annual Statement: Due March 30, 2010

01.29.2010

By: Rebecca Moll Freed

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.

Tag: New Jersey