New Jersey S4514 modifies motor vehicle related funding for certain municipalities, including changes to parking and rental taxes.
New Jersey S4514 modifies motor vehicle related funding for certain municipalities. It allows municipalities with populations over 100,000 to impose a mass transit access parking tax of 3.5% on parking fees at public garages and lots. Municipalities with populations over 200,000 that experienced a population increase of more than 15% between the 2010 and 2020 censuses can use these tax revenues for operating and administrative expenses related to mass transit.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.