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Bill > S128
NJ S128
NJ S128Excludes passenger and freight rail projects from purposes for which revenue from increase in petroleum products gross receipts tax revenue may be used.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill amends existing law to exclude passenger and freight rail projects from being funded by the petroleum products gross receipts tax increase enacted on October 14, 2016.
AI Summary
This bill amends existing law to exclude passenger and freight rail projects from being funded by the petroleum products gross receipts tax increase enacted on October 14, 2016. Prior to this change, there was a requirement for a minimum annual appropriation of $25 million from the revenues and other funds of the authority for certain freight rail projects. This bill deletes that requirement and adds a new provision that prohibits using the revenues from the petroleum products gross receipts tax increase to fund any transportation projects related to passenger or freight rail service.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Transportation Committee (on 01/14/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/S128 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/S0500/128_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/S0500/128_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/S0500/128_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S0500/128_I1.PDF |
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