Bill
Bill > S2589
NJ S2589
NJ S2589Sets State's mileage reimbursement rate at IRS rate for business use of automobile.
summary
Introduced
02/08/2024
02/08/2024
In Committee
02/08/2024
02/08/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
Under current law, the State's mileage reimbursement rate is $0.18 cents per mile, adjusted biannually to reflect changes in gasoline prices. Annual appropriations acts have adjusted this mileage reimbursement rate. This bill provides that the mileage reimbursement rate payable to a State officer or employee driving a private automobile on State business will be the same as the standard mileage rate established by the federal Internal Revenue Service (IRS) for the deductible cost of operating an automobile for business purposes. The bill repeals the provision of current law that requires adjustment twice each year to reflect changes in the price of gasoline.
AI Summary
This bill sets the State's mileage reimbursement rate for the business use of a private automobile by State officers and employees at the same standard mileage rate established by the federal Internal Revenue Service (IRS) for deductible business costs of operating a vehicle. The bill repeals the current law that requires the mileage reimbursement rate to be adjusted twice a year to reflect changes in gasoline prices.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 02/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S2589 |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2589_I1.HTM |
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