Eliminates certain aviation fuel tax exemptions; provides funding for aviation improvement projects.

This bill eliminates tax exemptions for aviation fuel used by qualifying airlines in New Jersey, requiring them to pay tax on all aviation fuel sales (previously exempt for most uses except "burnout" during taxiing/takeoff). It directs tax revenue to fund two key projects: (1) extending the PATH rail service to Newark Liberty International Airport starting in 2026, and (2) airport improvement projects via the Airport Safety Fund or NJ Department of Transportation grants. The policy directly affects airlines with over 8 million annual passengers in New Jersey or regional carriers under contract with them. This creates a dedicated revenue stream for airport infrastructure, replacing the previous exemption while ensuring funds support specific transportation upgrades.