Vote Smart's Synopsis:

Vote to pass a bill that requires the attorney general to establish a statewide firearm buyback program.

Highlights:

• Establishes a “statewide gun buyback program” authorizing an individual to anonymously and voluntarily surrender firearms in their possession (Sec. 1).

• Requires an individual to be given a reward for each firearm they surrender in a buyback program, with a value to be determined by the attorney general (Sec. 1).

• Requires the attorney general to hold 9 buyback events each year in the following locations (Sec. 1): 
• 3 buyback events in northern New Jersey;
• 3 buyback events in central New Jersey;
• 3 buyback events in southern New Jersey.

• Requires at least 1 buyback event in each region to be held in an urban area with a high crime rate, as determined by the Uniform Crime Report (Sec. 1).

• Requires the buyback program to be funded from the following sources (Sec. 1):
• From state forfeiture funds;
• From private donations; and
• From any other funds available to the attorney general.

• Requires the attorney general to partner with local law enforcement agencies and community organizations to coordinate the buyback program events (Sec. 1).

• Authorizes an individual or corporation that makes a donation to the buyback program to claim a tax credit equal to 25 percent of their contribution, to be used in that tax year (Secs. 2 & 3).  

Full Bill Text