Eliminates Treasurer's authority to annually adjust petroleum products gross receipts tax.

This bill eliminates the New Jersey State Treasurer's authority to annually adjust the state's gasoline and diesel tax rates. Currently, the Treasurer adjusts rates yearly to meet a revenue cap based on historical fuel sales data. Under this bill, only the New Jersey Legislature can change the tax rate through new legislation, ending the Treasurer's automatic adjustment process. The change affects fuel companies (which pay the tax) and state budget planning, as tax rates will no longer adjust automatically to meet revenue targets.