This bill proposes a gross income tax deduction for individuals in New Jersey who pay tolls via the E-ZPass system. Specifically, it allows a deduction of up to $1,000 for tolls paid during the taxable year, provided that the total tolls exceed this amount. The deduction applies to tolls incurred by the individual or any member of their household on state toll roadways and interstate toll bridges or tunnels connecting New Jersey with other states. However, certain payments are excluded from the aggregate toll amount, including fines, administrative fees, reimbursements from employers, and amounts that are deductible under federal or state tax laws.

The intent of the bill is to alleviate the financial burden on commuters who face rising costs due to increased gasoline taxes and toll expenses. By enabling a tax deduction for E-ZPass tolls, the bill aims to recognize and support individuals who contribute to the maintenance and improvement of the state's transportation infrastructure. The proposed legislation is set to take effect immediately and will apply to taxable years beginning on or after January 1, 2020.