This bill modifies existing laws regarding motor vehicle-related funding for municipalities, particularly those with populations of 200,000 or greater that have experienced significant population growth. It amends the mass transit access parking tax to allow these municipalities to impose a tax on parking fees and use the collected revenues not only for capital improvements related to pedestrian access to mass transit but also for operating and administrative expenses associated with mass transit facilitation. Additionally, the bill changes the allocation of parking penalties, increasing the percentage distributed to municipal courts from a fixed amount to 10% for qualifying municipalities, giving them discretion over the use of these funds.

Furthermore, the bill revises the conditions under which municipalities can impose a rental car tax. Previously limited to municipalities with a major airport and a population over 100,000, the new provisions allow municipalities with a population of 200,000 or greater and significant population growth to impose this tax regardless of airport presence and without the restriction of designated industrial zones. These changes aim to enhance funding flexibility for municipalities to support mass transit and related infrastructure improvements. The bill is set to take effect immediately upon passage.

Statutes affected:
Introduced: 40:48C-1.7, 39:4-139.9, 40:48H-2