TRENTON, NJ – Assembly Bill No. 4011, recently reported favorably by the Assembly Transportation and Independent Authorities Committee, introduces amendments to the “New Jersey Transportation Trust Fund Authority Act of 1984”. These amendments are designed to support the state’s Annual Transportation Capital Program for Fiscal Years 2025 through 2029. The bill includes adjustments to the Petroleum Products Gross Receipts Tax (PPGRT) rate and introduces an annual fee for zero-emission vehicles, with revenues allocated to the Transportation Trust Fund (TTF). The bill proposes an extension and increase in the authority’s capacity to issue bonds for transportation programs, raising the cap from
TRENTON, NJ – Assembly Bill No. 4011, recently reported favorably by the Assembly Transportation and Independent Authorities Committee, introduces amendments to the “New Jersey Transportation Trust Fund Authority Act of 1984”. These amendments are designed to support the state’s Annual Transportation Capital Program for Fiscal Years 2025 through 2029. The bill includes adjustments to the Petroleum Products Gross Receipts Tax (PPGRT) rate and introduces an annual fee for zero-emission vehicles, with revenues allocated to the Transportation Trust Fund (TTF). The bill proposes an extension and increase in the authority’s capacity to issue bonds for transportation programs, raising the cap from