Sets State's mileage reimbursement rate at IRS rate for business use of automobile.

This bill (S 265) changes how New Jersey reimburses state employees for using their personal vehicles on official business. It sets the reimbursement rate at the federal IRS standard mileage rate for business use (currently $0.67/mile for 2024), instead of the current fixed rate of $0.18 per mile adjusted biannually for gas prices. The key change removes the need for annual state budget adjustments to reflect gasoline price fluctuations. This directly affects all state employees who drive their personal cars for work-related travel. The bill repeals the existing provision requiring biannual rate adjustments.