Exempts fuel used for operation of certain school buses from petroleum products gross receipts tax and motor fuel tax.

This bill exempts fuel used to operate school buses for transporting students to or from school or school activities from two New Jersey state taxes: the petroleum products gross receipts tax and the motor fuel tax. It directly affects school districts, religious or charitable organizations operating school buses, and contractors working with public agencies to provide school transportation. The law adds school buses to existing exemptions, allowing these entities to claim refunds for fuel taxes already paid on qualifying bus operations. This creates a concrete tax relief for school transportation costs without altering tax rates for other users.