Bill Text: NJ A2362 | 2012-2013 | Regular Session | Amended

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Bill Title: Requires cemetery companies to file annual financial report.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-06 - Substituted by S1441 (1R) [A2362 Detail]

Download: New_Jersey-2012-A2362-Amended.html

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[First Reprint]

ASSEMBLY, No. 2362

STATE OF NEW JERSEY

215th LEGISLATURE

 

INTRODUCED FEBRUARY 6, 2012

 

 

Sponsored by:

Assemblyman  GORDON M. JOHNSON

District 37 (Bergen)

 

 

 

 

SYNOPSIS

     Requires cemetery companies to file annual financial report.

 

CURRENT VERSION OF TEXT

     As reported by the Assembly Regulated Professions Committee on November 18, 2013, with amendments.

  

An Act concerning cemetery companies and supplementing P.L.2003, c.261 (C.45:27-1 et seq.).

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a.  In addition to the Maintenance and Preservation Fund report required pursuant to section 15 of P.L.2003, c.261 (C.45:27-15), every cemetery company: 

     (1)   which ¹[is required to file] files¹ an Internal Revenue Service Form 990 shall ¹also¹ file ¹a copy of that form and a copy of its annual financial report filed with the Attorney General pursuant to subsection d. of section 7 of P.L.1994, c.16 (C.45:17A-24)¹ with the New Jersey Cemetery Board ¹[a financial report, prepared by a certified public accountant licensed pursuant to P.L.1997, c.259 (C.45:2B-42 et seq.), which includes a complete report of income and expenses and such other information as required by the board by regulation]¹;

     (2)   which ¹[is not required to] does not¹ file an Internal Revenue Service Form 990 ¹or which files an Internal Revenue Service Form 990 EZ¹ shall file with the New Jersey Cemetery Board a ¹copy of its annual¹ financial report ¹[prepared by an officer of the cemetery company, which includes a complete report of income and expenses and] filed with the Attorney General pursuant to subsection d. of section 7 of P.L.1994, c.16 (C.45:17A-24); or

     (3) which is not required to file an annual financial report with the Attorney General pursuant to subsection d. of section 7 of P.L.1994, c.16 (C.45:17A-24), shall file¹ such other ¹financial¹ information as required by the board by regulation.

     b.    The ¹form, information or¹ report required by this section shall be filed ¹at least¹ annually and at the same time as the Maintenance and Preservation Fund report required pursuant to section 15 of P.L.2003, c.261 (C.45:27-15).

     c.    If the ¹form, information or¹ report filed pursuant to this section is inadequate to apprise the board of the information it requires to administer the provisions of this section effectively, it shall request a supplemental report and it may order an investigation of the operations of the cemetery company.

 

     2.    This act shall take effect immediately.