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NJ A4775
Bill
Status
3/19/2026
Primary Sponsor
Gregory McGuckin
Click for details
AI Summary
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Prohibits revenue from the 2016 petroleum products gross receipts tax increase from being used to fund passenger rail or freight rail transportation projects in New Jersey.
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Deletes the existing requirement for a minimum $25 million annual appropriation from the Transportation Trust Fund for freight rail projects, including port connectivity and rail infrastructure upgrades.
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Amends P.L.1984, c.73 (the Special Transportation Fund statute) to add these restrictions on how petroleum tax revenues may be spent.
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Sponsored by Assemblyman Gregory P. McGuckin (District 10, Monmouth and Ocean counties) and introduced March 19, 2026.
Legislative Description
Excludes passenger and freight rail projects from purposes for which revenue from increase in petroleum products gross receipts tax revenue may be used.
Transportation and Independent Authorities
Last Action
Introduced, Referred to Assembly Transportation and Independent Authorities Committee
3/19/2026