Transport plan to hike New Jersey gas tax to get vote

Michael Catalini

 

TRENTON, N.J. (AP) — New Jersey lawmakers are set to vote on a sweeping plan to raise the gasoline tax by 23 cents per gallon, slash other taxes and fund transportation over the next 10 years.

The Democrat-led Assembly and Senate on Monday plan key votes on the legislation. The state's $1.6 billion transportation trust fund runs out of authority for new borrowing on Friday.

The legislation would pay for a $2 billion-per-year fund over the next 10 years, financed in part by a hike in the gas tax as well as a jet fuel tax increase.

The measure includes a phase-out of the estate tax, a cut in retirement income taxes and an increase in a tax credit for poor filers.

Republican Gov. Chris Christie has said he opposes the legislation.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013