Revises "New Jersey Transportation Trust Fund Authority Act"; extends process for calculating gas tax rate until Fiscal Year 2032; imposes sales and use tax and additional registration fee on electric vehicles; appropriates $2.5 billion.

This bill extends New Jersey's process for calculating gas taxes through Fiscal Year 2032 and imposes new fees on electric vehicles, including a $300 annual registration fee for passenger EVs and $450 for commercial EVs. It repeals the sales tax exemption for electric vehicles, directing those revenues to transportation projects, and appropriates $2.5 billion total - $1 billion to NJ Transit for capital projects and operations, and $1.5 billion to the Transportation Trust Fund. These changes are intended to support New Jersey's transportation infrastructure funding needs through 2032.