New Jersey S4514 modifies motor vehicle related funding for certain municipalities.

New Jersey S4514 modifies the distribution and rates for motor vehicle related funding in certain municipalities. The bill allows municipalities with populations over 100,000 to impose a parking tax on motor vehicles for mass transit pedestrian access capital improvements. It also permits municipalities with populations over 200,000 that experienced a population increase of more than 15 percent between the 2010 and 2020 federal decennial censuses to impose a rental car tax regardless of the presence of a major airport.

New Jersey S4514 modifies motor vehicle related funding for certain municipalities.

New Jersey S4514 modifies the distribution and rates for motor vehicle related funding in certain municipalities. The bill allows municipalities with populations over 100,000 to impose a parking tax on motor vehicles for mass transit pedestrian access capital improvements. It also permits municipalities with populations over 200,000 that experienced a population increase of more than 15 percent between the 2010 and 2020 federal decennial censuses to impose a rental car tax regardless of the presence of a major airport.