New Jersey Regulations § 19:25-19.4 Reporting of unearned income
Regulation Text
(a)
The statement shall include the name and address of the corporation, professional association, partnership or sole proprietorship which is the source of each of the following categories of unearned income totalling more than $ 1,000 for the preceding calendar year: rents, dividends and other income received from named investments, trusts and estates; except that no address need be provided with respect to a source of dividends if the source of dividends is a listed security.
(b)
Each source within any category which exceeds $ 1,000 must be identified by name, except that identification of name and address shall not be required as to any source which totals $ 100.00 or less for the year; an indication whether the total receipts from all sources within the category exceeds $ 1,000 shall be included in the statement.
Example: Candidate A receives dividends each year in the amount of $ 990.00 from BCD Corporation, and also receives dividends each year in the amount of $ 50.00 from EFG Corporation. The Personal Financial Disclosure Statement filed by Candidate A must include the name and address of BCD Corporation but not of EFG Corporation as a source; the statement will also indicate receipts in excess of $ 1,000 in dividends.
(c)
Where such rents, dividends or other income are received by joint owners, one of whom is the candidate, the interest of the candidate shall be reportable if the proportionate share of such rents, dividends or other income exceeds $ 1,000.
(d)
In calculating whether rental income exceeds $ 1,000, the rental used shall be gross rental, without deduction of any of the expenses of operating or maintaining the rented property.
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