This bill amends New Jersey law to set the mileage reimbursement rate for State officers and employees using their personal vehicles for official business at the standard rate established by the federal Internal Revenue Service (IRS). The current reimbursement rate of $0.18 per mile, which is adjusted biannually based on gasoline prices, will be replaced by the IRS rate in effect at the time the expense is incurred. The bill also includes the repeal of a provision that mandates these biannual adjustments.
By aligning the State's mileage reimbursement with the IRS rate, the bill aims to simplify the reimbursement process and ensure that State employees are compensated fairly for their travel expenses without the need for frequent adjustments based on fluctuating gasoline prices. The changes are set to take effect immediately upon enactment.
Statutes affected: Introduced: 52:14-17.1