Bill Text: NJ A3832 | 2022-2023 | Regular Session | Introduced
Bill Title: Provides rebate for certain registered motor vehicle owners and public transportation subsidy for summer months; appropriates $1,650,000,000.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-05-02 - Introduced, Referred to Assembly Transportation and Independent Authorities Committee [A3832 Detail]
Download: New_Jersey-2022-A3832-Introduced.html
Sponsored by:
Assemblyman RAJ MUKHERJI
District 33 (Hudson)
SYNOPSIS
Provides rebate for certain registered motor vehicle owners and public transportation subsidy for summer months; appropriates $1,650,000,000.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning economic relief for transportation costs, supplementing Title 54 and Title 27 of the Revised Statutes, and making an appropriation.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. Beginning with taxable year 2022, and subject to appropriation by the Legislature, a qualified taxpayer shall be eligible for a tax rebate based on the requirements set forth in this section.
b. The rebate shall be in the amount of $400 for each noncommercial motor vehicle owned and registered in the taxpayer's name during the taxable year, which shall be pro-rated, based upon the total number of months of the taxpayer's residency during the taxable year, for a maximum total amount of $800 per taxpayer per year.
c. The director shall issue rebates to qualified taxpayers between July 1 and July 31 of the subsequent taxable year, provided however, in the case of a qualified taxpayer who is granted an extension of time for filing a return, the director may issue the rebate between July 1 and December 31 of the subsequent taxable year. Notwithstanding the provision of this subsection, the director may issue advance rebate payments prior to July 1 of the subsequent taxable year if the director determines doing so is appropriate and feasible.
d. The director is authorized to issue rules and regulations as necessary to implement this section.
e. The director may recover rebates issued in error or as a result of misrepresentation in the same manner as a deficiency with respect to a payment of a State tax in accordance with the State Uniform Tax Procedure Law, R.S.54:48-1 et seq.
f. Any rebate issued pursuant to this section shall not be considered gross income for purposes of the New Jersey Gross Income Tax Act.
g. As used in this section:
"Qualified taxpayer" means a natural person who has timely filed a resident return, is a resident of this State during the taxable year, and who during the taxable year owned a noncommercial motor vehicle that was registered in this State.
2. For the months of June, July, and August of 2022, the New Jersey Transit Corporation shall provide all public transportation services at no cost to passengers.
For the purpose of this section, "public transportation service" means motorbus regular route service, rail passenger service, light rail passenger service, paratransit service, and any other transportation service otherwise provided by the corporation, or under contract to the corporation, to the general public.
3. a. For the purposes of providing the rebates pursuant to section 1 of this act, there is appropriated from the General Fund to the Department of the Treasury the amount of $1,500,000,000.
b. For the purposes of providing public transportation services at no cost to passengers pursuant to section 2 of this act, there is appropriated from the General Fund to the New Jersey Transit Corporation the amount of $150,000,000.
4. This act shall take effect immediately.
STATEMENT
This bill provides a $400 tax rebate to any individual who has timely filed a resident income tax return, is a resident of this State during the taxable year, and who during the taxable year owned a noncommercial motor vehicle that was registered in this State. Each individual is eligible for up to $800 in tax rebates per year.
The bill also requires the New Jersey Transit Corporation to provide free public transportation services for the months of June, July, and August of this year.
The bill appropriates $1.5 billion for the motor vehicle registration tax rebate program and $150 million for the free public transportation program.
