A724

New Jersey A724 establishes a toll relief program for frequent toll users, providing credits to qualifying accounts.

New Jersey A724 creates a toll relief program for the New Jersey Turnpike Authority and the South Jersey Transportation Authority. It appropriates $250 million to each authority from the General Fund to support account credits issued under the program. The program provides a credit equal to 50 percent of the amount paid for qualifying transactions per transponder for accounts with 35 or more transactions per month. The authorities must submit quarterly reports to the Governor and Legislature documenting the credits issued. The bill expires one year after enactment.