Bill
Bill > A4050
NJ A4050
NJ A4050Exempts fuel used for operation of certain school buses from petroleum products gross receipts tax and motor fuel tax.
summary
Introduced
03/07/2024
03/07/2024
In Committee
03/11/2024
03/11/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
Exempts fuel used for operation of certain school buses from petroleum products gross receipts tax and motor fuel tax.
AI Summary
This bill exempts fuel used for the operation of certain school buses from the petroleum products gross receipts tax and the motor fuel tax. The exemption applies to fuel used by: (1) qualifying school districts in their year of eligibility, which means a school district experiencing a reduction in state school aid of at least 6% compared to the prior year; or (2) religious or charitable organizations, or persons under contract with a public or governmental agency or a religious/charitable organization, provided the public or governmental agency is not a school district that is ineligible for the exemption. The bill also excludes the exemption provisions from the review council's ongoing review of the 2016 tax law changes.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
Reported out of Asm. Comm. with Amendments, and Referred to Assembly Appropriations Committee (on 03/11/2024)
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/A4050 |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4050_R1.HTM |
| Analysis - Statement AED 3/11/24 | https://pub.njleg.gov/Bills/2024/A4500/4050_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4050_I1.HTM |
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