New Jersey S2589 aligns state mileage reimbursement with IRS rates for business use of automobiles.

New Jersey S2589 changes the state's mileage reimbursement rate for officers and employees using their own cars for official business. It sets the reimbursement rate at the standard mileage rate established by the federal Internal Revenue Service, which is used for the deductible cost of operating an automobile for business purposes. This bill repeals the current law that adjusts the reimbursement rate twice a year based on gasoline prices. The change takes effect immediately.

New Jersey S2589 aligns state mileage reimbursement with IRS rates for business use of automobiles.

New Jersey S2589 changes the state's mileage reimbursement rate for officers and employees using their own cars for official business. It sets the reimbursement rate at the standard mileage rate established by the federal Internal Revenue Service, which is used for the deductible cost of operating an automobile for business purposes. This bill repeals the current law that adjusts the reimbursement rate twice a year based on gasoline prices. The change takes effect immediately.