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Bill > A4011


NJ A4011

NJ A4011
Revises "New Jersey Transportation Trust Fund Authority Act," revises calculation of gas tax rate, and establishes annual fee for zero emission vehicles.


summary

Introduced
03/04/2024
In Committee
03/14/2024
Crossed Over
03/18/2024
Passed
03/18/2024
Dead
Signed/Enacted/Adopted
03/26/2024

Introduced Session

2024-2025 Regular Session

Bill Summary

An Act concerning the financing and construction of transportation infrastructure in the State, revising various parts of the statutory law, and supplementing Title 39 of the Revised Statutes.

AI Summary

This bill revises the "New Jersey Transportation Trust Fund Authority Act" to change the calculation of the gas tax rate, establish an annual fee for zero-emission vehicles, and modify various provisions related to the financing and construction of transportation infrastructure in the state. Key provisions include adjusting the gas tax rate annually to stay within a cap on total revenue, imposing a new annual fee on zero-emission vehicles to contribute to transportation funding, and updating the allocation of funds for county and municipal transportation projects.

Committee Categories

Budget and Finance, Transportation and Infrastructure

Sponsors (8)

Last Action

Approved P.L.2024, c.7. (on 03/26/2024)

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