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NJ S2133
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Paul Moriarty
Click for details
AI Summary
- Imposes an additional annual registration fee of $300 for passenger electric vehicles and $450 for commercial electric vehicles starting July 1, 2025, with revenues deposited into the Transportation Trust Fund
- Reduces the Motor Fuel Tax on gasoline from 10.5 cents to 7 cents per gallon, diesel from 13.5 cents to 9 cents per gallon, and liquefied petroleum gas from 5.25 cents to 3.5 cents per gallon
- Reduces the highway fuel cap amount under the Petroleum Products Gross Receipts Tax by 33 percent beginning State Fiscal Year 2025 and permanently extends the annual tax rate adjustment mechanism
- Requires the state to appropriate Sales and Use Tax revenues from the General Fund to cover any Transportation Trust Fund Authority debt service shortfalls
- Directs the Department of Transportation to conduct a feasibility study by August 31, 2026 on alternative revenue sources for the Transportation Trust Fund, including mileage-based user fees, carbon taxes, and electricity taxes on EV charging
Legislative Description
Imposes additional annual registration fee for electric vehicles; reduces rate of highway fuel taxes; authorizes DOT to conduct alternative revenue feasibility study.
Transportation
Last Action
Introduced in the Senate, Referred to Senate Transportation Committee
1/13/2026
Committee Referrals
Transportation1/13/2026
Full Bill Text
No bill text available