Bill
Bill > S908
NJ S908
NJ S908Excludes passenger and freight rail projects from purposes for which revenue from increase in petroleum products gross receipts tax revenue may be used.
summary
Introduced
01/31/2022
01/31/2022
In Committee
01/31/2022
01/31/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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. Specifically, the bill deletes a previous provision that required a minimum annual appropriation of $25 million from the authority's revenues and funds for certain freight rail projects, and inserts a new provision that prohibits using the increased petroleum products gross receipts tax revenue 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 01/31/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S908 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/908_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/908_I1.PDF |
Loading...