Bill
Bill > S475
NJ S475
NJ S475Excludes passenger and freight rail projects from purposes for which revenue from increase in petroleum products gross receipts tax revenue may be used.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 removes a previous requirement for a minimum $25 million annual appropriation from the revenues and other funds of the authority for the design, construction, reconstruction, rehabilitation, land acquisition, and environmental mitigation of freight rail projects that support port commerce and a safe, efficient, and effective rail freight system.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Transportation Committee (on 01/09/2024)
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/2024/S475 |
| BillText | https://pub.njleg.gov/Bills/2024/S0500/475_I1.HTM |
Loading...