A1916 — Increases petroleum products gross receipts tax rate; dedicates revenue generated from tax to Transportation Trust Fund; provides gross income tax deduction for certain taxes paid on motor fuel.

A1916 — Increases petroleum products gross receipts tax rate; dedicates revenue generated from tax to Transportation Trust Fund; provides gross income tax deduction for certain taxes paid on motor fuel. · Informed CitizenryThis bill increases the petroleum products gross receipts tax from 2.75% to 9% of the gross receipts derived from the first sale of petroleum products in New Jersey. The bill requires that the tax…Open in Informed Citizenry