Bill
Bill > A6220
NJ A6220
NJ A6220Requires all revenue generated by casino hotel parking fee to be provided to CRDA; expands permitted uses of parking fee revenues by CRDA.
summary
Introduced
12/08/2025
12/08/2025
In Committee
12/08/2025
12/08/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires the full amount of revenue generated by the casino hotel parking fee to be made available to the Casino Reinvestment Development Authority (CRDA) for projects located within the boundaries of the City of Atlantic City. Current law requires casino licensees to charge and collect a fee of $3.00 per day for the use of a parking space at a casino hotel facility. Of that amount, the revenue derived from $2.50 of the parking fee is deposited into a special fund held by the State Treasurer and made available for the use of the CRDA for eligible public improvements and economic development and redevelopment projects within the corridor region of the City of Atlantic City. The revenue derived from the remaining $0.50 of the parking fee is deposited into the Casino Revenue Fund. The Casino Revenue Fund accounts for the taxes imposed on casinos, internet gaming, sports betting, and other related activities. Moneys in the Casino Revenue Fund are required to be appropriated to support reductions in property taxes, utility charges, and other specified expenses of eligible senior citizens and individuals with disabilities. Under the bill, the revenue derived from $0.50 of the parking fee currently deposited into the Casino Revenue Fund would instead be deposited into the special fund held by the State Treasurer and made available for the use of the CRDA beginning in State fiscal year 2026. Revenues from the parking fee would no longer be deposited into the Casino Revenue Fund. The bill also amends current law to provide that parking fee revenues deposited into the special fund would be available for use by the CRDA for any projects located within the boundaries of the City of Atlantic City, or for other statutory purposes of the authority, as approved by the CRDA. The CRDA would no longer be required to use the moneys in the special fund for projects located only within the corridor region of Atlantic City.
AI Summary
This bill requires that all revenue generated by the $3.00 daily casino hotel parking fee be provided to the Casino Reinvestment Development Authority (CRDA), a state agency responsible for economic development in Atlantic City. Currently, $2.50 of the parking fee is deposited into a special fund for CRDA use, while $0.50 goes to the Casino Revenue Fund, which supports property tax and utility charge reductions for seniors and disabled individuals. Beginning in State fiscal year 2026, the entire $3.00 parking fee will be deposited into the special fund for CRDA, expanding the authority's use of these funds. Unlike previous restrictions that limited the funds to projects only in the "corridor region" of Atlantic City, the bill now allows CRDA to use the parking fee revenues for any projects within Atlantic City's boundaries or for other statutory purposes of the authority, as approved by CRDA's membership. The bill's purpose is to provide more flexible funding to support the continued development and improvement of Atlantic City, recognizing the significant impact of casino-related traffic and infrastructure needs in the area.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee (on 12/08/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A6220 |
| BillText | https://pub.njleg.gov/Bills/2024/A6500/6220_I1.HTM |
Loading...