New Jersey A5347 modifies motor vehicle related funding for certain municipalities, including changes to parking and rental taxes.

New Jersey A5347 amends the motor vehicle related funding for municipalities. It allows municipalities with a population of 200,000 or greater that experienced a population increase of more than 15 percent between the 2010 and 2020 federal decennial censuses to impose a tax on the rental of motor vehicles, regardless of the zoning designation of the location of a transaction. The bill also changes the distribution of parking penalties, allocating 10 percent to the municipal court's operating costs in qualifying municipalities.

New Jersey A5347 modifies motor vehicle related funding for certain municipalities, including changes to parking and rental taxes.

New Jersey A5347 amends the motor vehicle related funding for municipalities. It allows municipalities with a population of 200,000 or greater that experienced a population increase of more than 15 percent between the 2010 and 2020 federal decennial censuses to impose a tax on the rental of motor vehicles, regardless of the zoning designation of the location of a transaction. The bill also changes the distribution of parking penalties, allocating 10 percent to the municipal court's operating costs in qualifying municipalities.