New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A793

Introduced
1/9/24  

Caption

Provides gross income tax deduction for certain E-ZPass tolls paid.

Impact

The bill aims to assist commuting individuals by allowing them to offset their toll expenses, which have risen due to various factors, including taxation changes. This initiative represents an acknowledgment that tolls are a significant component of the transportation costs borne by residents. By enabling such a deduction, New Jersey would be facilitating economic relief for everyday commuters, thereby enhancing their financial situation while maintaining safe and adequate infrastructure through toll revenues.

Summary

Assembly Bill A793 is designed to provide a gross income tax deduction for individuals paying certain tolls using the E-ZPass system. Under the proposed legislation, a deduction of up to $1,000 will be permitted for those who have an E-ZPass account and have incurred tolls exceeding this amount on various toll roads, bridges, and tunnels within New Jersey during the taxable year. This measure is intended to alleviate some of the financial burdens faced by commuters, especially following recent increases in the state gasoline tax.

Contention

Despite its potential benefits, the bill could face scrutiny regarding its impact on state revenue. Critics may argue that such deductions could reduce the funds available for road maintenance and infrastructure projects, leading to concerns over the sustainability of road funding. Furthermore, the bill does not include all toll-related costs, leading to potential debates about who truly benefits from this financial relief and whether it sufficiently addresses the wider issues of transportation costs in the state.

Companion Bills

NJ S111

Carry Over Provides gross income tax deduction for certain E-ZPass tolls paid.

NJ A2459

Carry Over Provides gross income tax deduction for certain E-ZPass tolls paid.

Previously Filed As

NJ A688

Provides gross income tax deduction for certain E-ZPass tolls paid.

NJ S135

Provides gross income tax deduction for certain E-ZPass tolls paid.

NJ A663

Provides gross income tax credit for certain tolls paid via E-ZPass.

NJ A3938

Allows resident taxpayers to deduct from gross income fifty percent of amount paid through E-ZPass for NJTA tolls.

NJ A885

Provides $5,000 gross income tax deduction for taxpayers who incur certain commuter expenses.

NJ A2651

Provides gross income tax deduction to surviving spouses of certain veterans.

NJ S3261

Increases maximum gross income tax deduction for homestead property taxes paid to $25,000.

NJ S2294

Provides $3,000 gross income tax deduction for certain taxpayers providing home care for an elderly relative.

NJ A173

Provides gross income tax deduction for amounts paid to taxpayers for sale of certain real property interests for conservation purposes.

NJ S672

Provides gross income tax deduction for amounts paid to taxpayers for sale of certain real property interests for conservation purposes.

Similar Bills

CA SB277

Criminal procedure: search of persons.

CA AB1464

Housing preferences.

CA AB2161

Medi-Cal: redeterminations and work or community engagement.

CA AB2066

Triggering event: pregnancy.

CA SB257

PARENT Act.

IA HF2731

A bill for an act establishing the percentage of income payment plan program to be administered by the department of health and human services.

HI HB286

Relating To The Individual Housing Account Program.

HI HB286

Relating To The Individual Housing Account Program.