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NJ S1559
Bill
Status
1/13/2026
Primary Sponsor
Carmen Amato
Click for details
AI Summary
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Creates a gross income tax deduction for New Jersey state fuel taxes (Petroleum Products Gross Receipts Tax and Motor Fuel Tax) paid on motor fuel purchases for personal vehicle use
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Caps the deduction at $1,000 for taxable year 2021 and $2,000 for each taxable year beginning January 1, 2021 and after
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Available to all filing statuses (married filing jointly, married filing separately, single filers, head of household) at any income level
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Excludes fuel tax amounts that are employer-reimbursed, claimed as business deductions, used for rental/partnership/S-corporation income calculations, or claimed as medical expenses
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Applies retroactively to purchases made on and after January 1, 2021
Legislative Description
Provides gross income tax deduction for New Jersey fuel taxes paid through purchases of motor fuel for personal use of motor vehicles.
Transportation
Last Action
Introduced in the Senate, Referred to Senate Transportation Committee
1/13/2026