Bill > A1103

Introduced Session

This bill dedicates revenue from the motor vehicle fees and surcharges enumerated at N.J.S.A.39:2A-36 to the Transportation Trust Fund. Currently, the revenue collected from the fees and surcharges enumerated at N.J.S.A.39:2A-36 is remitted, subject to a proportional split, to the New Jersey Motor Vehicle Commission and the General Fund. This bill dedicates the portion of revenue that would otherwise be remitted to the General Fund to the Transportation Trust Fund. The dedication is to be phased in according to the following schedule: 20 percent of the revenue in the first fiscal year beginning after the bill's effective date, 40 percent of the revenue in the second fiscal year, 60 percent of the revenue in the third fiscal year, 80 percent of the revenue in the fourth fiscal year; and 100 percent of the revenue in the fifth fiscal year and each fiscal year thereafter.

AI Summary

Committee Categories

John DiMaio (R)*, 

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

Official Document