A663

New Jersey A663 provides a gross income tax credit for tolls paid via E-ZPass, up to $1,000 per taxable year.

New Jersey A663 provides a gross income tax credit for tolls paid on state roads via E-ZPass, up to $1,000 per taxable year. To claim the credit, a taxpayer must incur toll expenses exceeding $1,000 during the taxable year. The credit is not applicable to tolls paid as fines, penalties, or administrative fees. The bill aims to offset commuting costs for toll-paying commuters, recognizing they contribute more than their fair share for transportation and economic development projects. The credit applies to both in-state and out-of-state taxpayers.