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NJ S2068
Bill
Status
1/13/2026
Primary Sponsor
Vincent Polistina
Click for details
AI Summary
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Redirects all $3.00 per day casino hotel room occupancy fee revenue to the Casino Reinvestment Development Authority (CRDA) beginning in State fiscal year 2026, ending deposits to the Casino Revenue Fund from this source
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Currently, only $1.00 of the $3.00 fee goes to CRDA, while $2.00 is deposited into the Casino Revenue Fund that supports property tax reductions and benefits for senior citizens and disabled residents
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The change occurs because CRDA's $93 million Hotel Room Fee Revenue Bonds (Series 2004) were fully paid off on January 1, 2025, eliminating the original debt service obligation
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Amends P.L.1977, c.110 and P.L.2003, c.116 to effectuate the revenue reallocation
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Removes an outdated reference to a repealed 4.25 percent tax on complimentary casino amenities
Legislative Description
Requires all revenue generated by casino hotel facility room occupancy fee to be provided to CRDA.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/13/2026