Bill > A764

Introduced Session

The bill provides a credit against the New Jersey gross income tax for tolls paid on State roads via E-ZPass, in an amount equal to $1,000 per taxable year. The bill specifies that to claim the credit a taxpayer must incur toll expenses during the taxable year in excess of $1,000. Under the provisions of this bill, New Jersey gross income taxpayers are treated equally, irrespective of whether they reside in-State or out-of-State. Toll revenue is increasingly being diverted to pay for transportation projects and economic development projects that are unrelated to the maintenance of tolled roadways. The diversion of toll revenue to unrelated projects undermines the principle behind tolling and diminishes public support for tolled roadways. The residents of this State have benefited at the expense of toll paying commuters through the diversion of toll revenue to unrelated projects. By providing toll paying commuters with a means to offset a portion of their commuting cost, the bill recognizes that these taxpayers are paying more than their fair share for transportation and economic development projects, and furthers the public policy of this State to encourage electronic toll collection.

AI Summary

Committee Categories

Greg McGuckin (R)*, 

Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 01/09/2024)

Official Document