NJ S1928

Bill

NJ S1928

Provides gross income tax deduction for New Jersey fuel taxes paid through purchases of motor fuel for personal use of motor vehicles.

Introduced
01/09/2024

In Committee
01/09/2024

Crossed Over

Passed

Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

This bill provides a New Jersey gross income tax deduction for all New Jersey State fuel taxes that are paid by taxpayers on purchases of motor fuel for the operation for personal use of the taxpayer's motor vehicles and not otherwise reimbursed. Under the bill, the gross income tax deduction is allowed for taxpayers at any income level and in any filing status, and is capped at $1,000 for the 2021 taxable year and at $2,000 for each taxable year beginning thereafter.

AI Summary

This bill allows New Jersey taxpayers to deduct the amount of New Jersey state fuel taxes they pay on motor fuel purchased for their personal vehicles from their gross income, which is the total income before taxes are calculated. This deduction is available to individuals filing jointly, separately, or as single taxpayers, and it applies to taxes paid under the "Petroleum Products Gross Receipts Tax Act" and the "Motor Fuel Tax Act." Importantly, the deduction is only for taxes that are not reimbursed by an employer or deductible for other business or medical purposes. For the 2021 tax year, the deduction is capped at $1,000, and for tax years beginning in 2022 and thereafter, it is capped at $2,000 per taxpayer. This provision is intended to provide tax relief to New Jersey residents for the cost of fuel taxes associated with their personal vehicle use.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Carmen Amato (R)*,

Last Action

Introduced in the Senate, Referred to Senate Transportation Committee (on 01/09/2024)

Official Document

https://www.njleg.state.nj.us/bill-search/2024/S1928

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2024/S1928
BillText	https://pub.njleg.gov/Bills/2026/S2000/1928_I1.HTM
BillText	https://pub.njleg.gov/Bills/2024/S2000/1928_I1.HTM

Bill	Bill Name	Last Action	Type
A1740	Provides gross income tax deduction for New Jersey fuel taxes paid through purchases of motor fuel for personal use of motor vehicles.	Introduced, Referred to Assembly Transportation and Independent Authorities Committee	Same As
A724	Provides gross income tax deduction for New Jersey fuel taxes paid through purchases of motor fuel for personal use of motor vehicles.	Introduced, Referred to Assembly Transportation and Independent Authorities Committee	Carry Over
S1699	Provides gross income tax deduction for New Jersey fuel taxes paid through purchases of motor fuel for personal use of motor vehicles.	Introduced in the Senate, Referred to Senate Transportation Committee	Carry Over

Bill > S1928

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary