Transportation (Freight)

This bill amends New Jersey's existing transportation funding law to prevent money from a proposed increase in the petroleum products gross receipts tax from being used for passenger or freight rail projects. The legislation directly affects the state's transportation budget and the allocation of tax revenue collected from fuel sales. By explicitly excluding rail projects from the list of allowable uses for this specific tax revenue, the bill ensures that funds raised through the petroleum tax increase are directed toward other transportation infrastructure needs rather than rail development. The measure modifies the legal framework governing how the Special Transportation Fund can be utilized, creating a clear restriction on spending priorities for this particular revenue stream.

This bill amends New Jersey's transportation funding law to specifically exclude passenger and freight rail projects from using revenue generated by increases in the petroleum products gross receipts tax (established by P.L.2016, c.57). It prevents state funds from this tax source from being allocated to any rail-related transportation projects, including passenger rail service or freight rail service. The change directly affects rail project funding by restricting the use of this specific tax revenue stream. The amendment is part of a broader update to the Special Transportation Fund rules, ensuring rail projects cannot access this particular tax revenue.