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Bill > A3306
NJ A3306
NJ A3306Excludes passenger and freight rail projects from purposes for which revenue from increase in petroleum products gross receipts tax revenue may be used.
summary
Introduced
02/25/2020
02/25/2020
In Committee
02/25/2020
02/25/2020
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. The bill deletes a provision that required a minimum annual appropriation of $25 million from the revenues and other funds of the New Jersey Transportation Trust Fund Authority for the design, construction, reconstruction, rehabilitation, land acquisition, and environmental mitigation of certain freight rail projects. Instead, the bill specifies that the revenues derived from the increase in the rate of taxation of petroleum products gross receipts shall not be used to fund any transportation project relating to passenger rail service or freight rail service.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 02/25/2020)
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/A3306 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A3500/3306_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A3500/3306_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A3500/3306_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A3500/3306_I1.PDF |
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