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Bill > S262


NJ S262

NJ S262
Sets States mileage reimbursement rate at IRS rate for business use of automobile.


summary

Introduced
01/11/2022
In Committee
06/12/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Sets States mileage reimbursement rate at IRS rate for business use of automobile.

AI Summary

This bill sets the State's mileage reimbursement rate for the business use of an employee's personal automobile at the standard mileage rate set by the federal Internal Revenue Service (IRS), which changes over time to reflect the deductible costs of operating a vehicle for business purposes. The bill also repeals a previous law that had set the mileage reimbursement rate at a fixed amount of $0.18 per mile.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (2)

Last Action

Referred to Senate Budget and Appropriations Committee (on 06/12/2023)

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