I just received the following email message from the NJ Division of Taxation (nice of them to reply in a prompt fashion <g>):

 

TO:        iras1@aol.com
        Ira Smilovitz

FROM:    Regulatory Services Branch

DATE:        December 13, 2004

RE:        Investment Clubs - Partnership Filing Fee

In response to your e-mail inquiry of October 3, 2004, please be advised that the market value of the total assets per owner was raised to  $259,000/$36,300, for the 2004 tax year due to inflation for investment club partnerships.

(cb)