Bill > S2861

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 deletes the provision that requires a minimum of $25 million per fiscal year from the revenues and other funds of the New Jersey Transportation Trust Fund Authority to be appropriated for freight rail projects, and adds a new provision that prohibits the use of revenues derived from the increase in the petroleum products gross receipts tax for any transportation project relating to passenger or freight rail service.

Transportation and Infrastructure