NJ S4712

Eliminates the existing tax exemption on aviation fuel for qualifying airlines (carriers with more than 8 million enplaned passengers per year in New Jersey) under the Petroleum Products Gross Receipts Tax Act, making the full fuel purchase taxable rather than just the "burnout" portion used during taxiing and takeoff

Defines "qualifying airline" as any air carrier with over 8 million annual enplaned passengers in New Jersey, including regional air carriers (operating aircraft with 99 seats or fewer) under contract with such carriers

Beginning fiscal year July 1, 2026, dedicates all revenues from aviation fuel taxes on airlines to the Port Authority of New York and New Jersey to fund the PATH rail extension to Newark Liberty International Airport

Once the PATH extension to Newark Airport is fully paid, redirects the dedicated aviation fuel tax revenues to the Airport Safety Fund or the New Jersey Department of Transportation's Airport Improvement Program for grants to airport improvement projects statewide

Takes effect 90 days following enactment