New Jersey Regulations § 19:25-10.14 Contributions by minors
Regulation Text
(a)
Contributions by minors shall be attributed to the legal guardian(s) of the minor for the purposes of
19:25-11.2
, and not to the minor unless:
1.
The minor is 14 years or older;
2.
The contribution is made from funds comprised of the minor's earned income as defined in
19:25-1.7
; and
3.
Sworn statements made by the minor and by the minor's legal guardian(s) are submitted with the contribution which state that the decision to contribute was solely that of the minor and that the funds used to make the contribution were comprised solely of the minor's earned income.
(b)
For the purposes of (a) above, if the minor has more than one legal guardian, the contribution shall be attributed equally to each legal guardian of the minor.
History
New Rule, R.1997 d.179, effective
4/21/1997
.
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