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Bill > SCR105


NJ SCR105

NJ SCR105
Proposes constitutional amendment to dedicate revenues from additional registration fee for zero emission vehicles to State transportation.


summary

Introduced
05/16/2024
In Committee
05/16/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

This concurrent resolution would amend the State Constitution to dedicate certain revenues to the Transportation Trust Fund (TTF) starting July 1, 2025. As required under the State Constitution, all revenues deposited into the TTF may only be used to support the State transportation system. Specifically, for each State fiscal year commencing on or after July 1, 2025 in which an additional motor vehicle registration fee is imposed on zero emission vehicles, this constitutional amendment requires an amount equivalent to the amount of revenue annually derived from the additional registration fee to be deposited into the TTF. This constitutional amendment does not require the State to impose a new fee on zero emission vehicles, nor does it change the standard registration fee that is currently imposed on all motor vehicles. Rather, for each State fiscal year commencing on or after July 1, 2025, in which an additional registration fee on zero emission vehicles is imposed, the amendment requires certain amounts of these revenues to be used for transportation purposes.

AI Summary

This concurrent resolution proposes a constitutional amendment to modify how revenues from zero emission vehicle (ZEV) registration fees are handled in New Jersey's transportation funding. Specifically, starting July 1, 2025, if the state imposes an additional registration fee specifically for zero emission vehicles, the exact amount of revenue generated from that fee must be deposited into the Transportation Trust Fund (TTF). The amendment does not mandate the creation of a new ZEV registration fee, but rather establishes a mechanism to direct any such future fees directly to transportation infrastructure if one is implemented. The resolution requires that these funds can only be used for transportation system planning, acquisition, engineering, construction, reconstruction, repair, and rehabilitation. When the amendment is finalized, it will be submitted to voters at the next general election, with ballot language explaining that the funds would support the state's transportation system and clarifying that no new fees are being automatically imposed on zero emission vehicles.

Committee Categories

Transportation and Infrastructure

Sponsors (2)

Last Action

Introduced in the Senate, Referred to Senate Transportation Committee (on 05/16/2024)

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