Bill > S4111

Introduced Session

This bill imposes four temporary surcharges on certain transactions occurring in this State from June 12, 2026 through July 20, 2026, during which period 2026 FIFA World Cup Tournament events will be held in this State. The bill imposes three temporary surcharges on certain transactions occurring in certain parts of the State, as follows: (1) a hotel and motel occupancy surcharge of 2.5 percent of the rent for every occupancy of rooms in a hotel or transient accommodation, excluding those located in a county of the fifth class, namely Atlantic, Monmouth, and Ocean Counties, or a county of the sixth class, namely Cape May County; (2) a sales tax surcharge within the Meadowlands district of three percent on consumer purchases of tangible personal property, of prepared food, soft drinks, and alcoholic beverages, and on admission charges to a place of amusement; (3) a surcharge of $0.50 to be paid by a transportation network company rider on prearranged rides to and from the Meadowlands district and another point within the State. These temporary surcharges are to be in addition to any other tax, assessment, or use fee imposed on related transactions by law. The monies received from these three surcharges are required to be deposited in the State General Fund. Under the bill, an individual taxpayer may claim a gross income tax credit for taxable year 2026 in an amount equal to any of the three surcharges that are actually paid by the individual. However, this tax credit may only be claimed by individuals who are customers subject to the surcharge, not businesses that are required to collect the surcharge from customers. Additionally, the bill imposes a temporary surcharge in an amount equal to 10 percent of the sums received from online sports wagering on 2026 FIFA World Cup Tournament events, net of patron winnings, by an Atlantic City casino, a joint sports wagering operation, or a horse racing permit holder, either jointly established with a casino or established independently with non-casino partners. The monies generated from the surcharge imposed on casinos and joint sports wagering operations are required to be paid to the Casino Revenue Fund and the monies generated from the surcharge imposed on horse racing permit holders are required to be paid to the State General Fund. This surcharge is required to be administered by the Director of the Division of Gaming Enforcement and apply to any match or series of matches, or any portion thereof, among the 48 teams qualifying for the 2026 FIFA World Cup tournament, including but not limited to, the individual performance statistics of athletes in a match or combination of matches. The revenue collected from the temporary surcharges is intended to support the costs of preparations for the hosting of the matches of this special event that will take place in New Jersey. MetLife Stadium in East Rutherford, New Jersey, will host eight matches, including the tournament final on July 19, 2026.

AI Summary

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Paul Sarlo (D)*, 

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee (on 05/04/2026)

Official Document