N.J.A.C. 18:24-8.4 - Application for Exemption; Information

(a) An organization claiming exemption under N.J.S.A. 54:32B-9(b) shall file the application (Form REG-1E), in accordance with the instruction on the application or issued therewith.

(b) The applicant may be required to show:

1. The character of the organization;

2. The purpose for which it was organized;

3. Its actual activities;

4. Sources of its income and receipts and disposition thereof;

5. Whether or not any part of its income or receipts is credited to surplus or may inure to the benefit of any private shareholder or individual;

6. Names and titles of principal officers; and

7. In general, all facts relating to its operations which may affect its right to exemption.

(c) Each application should have the following attached:

1. A conformed copy of the articles of incorporation;

2. The declaration of trust, or other instruments of similar import, setting forth the permitted powers and the authorized activities of the organization;

3. The by-laws or other code or regulations;

4. The latest financial statement showing the assets, liabilities, receipts, and disbursements of the organization; and

5. A copy of the organization's Federal tax determination letter or ruling issued by the Internal Revenue Service.

(d) Each application shall contain or be verified by a written declaration that such application is made under oath and therefor subject to the penalties for perjury.