ACR 128 New Jersey General Assembly · 2024-2025 Regular Session

Proposes constitutional amendment to dedicate certain revenues for State transportation system.

ACR 128 is a proposed constitutional amendment that would require certain existing or future tax revenues from electric vehicles to be dedicated exclusively to New Jersey's transportation system. Specifically, it mandates that any revenue from a sales tax on electric vehicle purchases (up to $100 million annually) or an additional registration fee for electric vehicles must be deposited into the Transportation Trust Fund. This amendment does not create new taxes or fees but ensures that if such revenues are collected, they can only be used for transportation planning, construction, repair, and rehabilitation. It would not affect standard registration fees for conventional vehicles or require the state to impose new electric vehicle taxes. The amendment would become effective if approved by voters and would legally bind future budgets to this dedicated use.
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
Governor
Introduced Mar 18, 2024 Last action Mar 18, 2024
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
0
Mar 18, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Transportation and Independent Authorities Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
MT
Mike Torrissi
RRepublican
NJ
8