Bill Text: NJ A481 | 2016-2017 | Regular Session | Introduced
Bill Title: Exempts local governmental units from supplemental titling fees on passenger automobiles they purchase or lease.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2016-01-27 - Introduced, Referred to Assembly State and Local Government Committee [A481 Detail]
Download: New_Jersey-2016-A481-Introduced.html
STATE OF NEW JERSEY
217th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2016 SESSION
Sponsored by:
Assemblyman DAVID C. RUSSO
District 40 (Bergen, Essex, Morris and Passaic)
Assemblyman SCOTT T. RUMANA
District 40 (Bergen, Essex, Morris and Passaic)
SYNOPSIS
Exempts local governmental units from supplemental titling fees on passenger automobiles they purchase or lease.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning the imposition of supplemental titling fees on certain new passenger automobiles and supplementing P.L.2006, c.39 (C.39:3-8.3 et seq.).
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. As used in this act, "local governmental unit" means a county, municipality or school district.
b. The supplemental titling fee imposed on certain new passenger automobiles under the provisions of P.L.2006, c.39 (C.39:3-8.3 et seq.) shall not be imposed on any new passenger automobile purchased or leased by a local governmental unit.
2. This act shall take effect immediately and apply to new passenger automobiles for which the issuance and filing of a certificate of ownership is required by the chief administrator on the first day of the second month next following the date of enactment
STATEMENT
This bill exempts local governmental units from the payment of certain titling fees imposed by the State for the purchase of certain new passenger automobiles.
Under current law, the State imposes a one-time supplemental titling fee in connection with the sale or lease of any new passenger automobile that has a sales price or a lease price of $45,000 or more, or that has an average fuel efficiency rating of less than 19 miles per gallon. The fee is equal to 0.4 percent of the sales price or the lease price of the new passenger automobile, and is typically collected and remitted to the State by the dealer at the time the new passenger automobile is purchased.
The bill provides an exemption from this fee for local government units. Under its provisions, counties, municipalities, and school districts will not be required to pay or to otherwise remit to the State the 0.4 percent supplemental titling fee in connection with its purchase of any new car or van, light truck or sport utility vehicle that would otherwise be subject to the fee.
This bill was prefilled for introduction in the 2010-2011 session pending technical review. As reported, the bill includes the changes required by technical review, which has been performed.
