A new bill introduced in the New Jersey Legislature is aiming to help motorists who have been hit by the recent rise in fuel prices by providing up to $800 in tax rebates, depending on how long the car owner has lived in the state.
The bill, sponsored by state Assemblyman Raj Mukherji (D-Hudson), would provide residents who own non-commercial vehicles with tax rebates of between $400 and $800, with the exact amount to be determined by state residency.
A 2021 New Jersey tax return would be required to be filed as well.
The bill also would require New Jersey Transit to provide a “fare holiday” for all commuters using the mass transit system during the months of June, July and August of this year.
Mukherji’s bill appropriates $1.5 billion for the motor vehicle registration tax rebate program and $150 million for the free public transportation program, which can be paid for by using some of the $6 billion in federal aid the state received under the American Rescue Plan.
A similar bill was recently proposed in California by Governor Gavin Newsom.
Gas prices in the state are now 48% higher than a year ago, with drivers paying an average of $4.45 a gallon of regular unleaded gasoline as of Sunday morning, according to the AAA.
The bill, if passed, would be included in the 2023 Fiscal Year budget currently being debated in the Legislature. The deadline to pass the budget bill is July 1 and the rebates are to be paid out immediately.