Bill
Bill > A4349
NJ A4349
NJ A4349Excludes passenger and freight rail projects from purposes for which revenue from increase in petroleum products gross receipts tax revenue may be used.
summary
Introduced
12/05/2016
12/05/2016
In Committee
12/05/2016
12/05/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 Regular Session
Bill Summary
This bill amends existing law to exclude passenger and freight rail projects from being funded by the petroleum products gross receipts tax increase enacted on October 14, 2016.
AI Summary
This bill amends existing law to exclude passenger and freight rail projects from being funded by the petroleum products gross receipts tax increase enacted on October 14, 2016. Specifically, the bill removes the requirement for a minimum $25 million annual appropriation from the revenues and other funds of the transportation authority for the design, construction, and rehabilitation of certain freight rail projects. Instead, the bill states that the revenues derived from the increase in the petroleum products gross receipts tax cannot be used to fund transportation projects related to passenger or freight rail service.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 12/05/2016)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/A4500/4349_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/A4500/4349_I1.PDF |
Loading...