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Bill > A2409
NJ A2409
NJ A2409Requires all revenue generated by casino hotel parking fee to be provided to CRDA; expands permitted uses of parking fee revenues by CRDA.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 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 mandates that all revenue generated from casino hotel parking fees in Atlantic City will be directed to the Casino Reinvestment Development Authority (CRDA), a public entity responsible for economic development and redevelopment in the city. Currently, a portion of this parking fee revenue is diverted to the Casino Revenue Fund, which supports tax relief for senior citizens and individuals with disabilities. However, starting in State fiscal year 2026, the bill will redirect the entire parking fee revenue to the CRDA. Furthermore, the bill expands the CRDA's authority to use these funds for any projects within the boundaries of Atlantic City, or for other statutory purposes of the authority, removing the previous restriction that funds could only be used for projects within a specific "corridor region" of the city.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee (on 01/13/2026)
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/2026/A2409 |
| BillText | https://pub.njleg.gov/Bills/2026/A2500/2409_I1.HTM |
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