Bill
Bill > A746
NJ A746
NJ A746Excludes passenger and freight rail projects from purposes for which revenue from increase in petroleum products gross receipts tax revenue may be used.
summary
Introduced
01/09/2018
01/09/2018
In Committee
01/09/2018
01/09/2018
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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 in 2016. Specifically, it removes the requirement for a minimum annual appropriation of $25 million from the authority's revenues and other funds for freight rail projects, and adds a new provision prohibiting the use of revenues derived from the 2016 tax increase for any transportation project 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 01/09/2018)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/A1000/746_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A1000/746_I1.PDF |
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