This bill modifies existing laws regarding motor vehicle-related funding for municipalities, particularly focusing on 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 of three and one-half percent on parking fees, with the option to use the collected revenues for both capital improvements related to mass transit accessibility and for operating and administrative expenses associated with mass transit facilitation. Additionally, the bill exempts residents from the full parking tax and outlines a rebate process for short-term parking and proof of residence for long-term parking.

Furthermore, the bill revises the distribution of parking penalties under The Parking Offenses Adjudication Act, increasing the allocation from a fixed $2 to 10 percent of each penalty for qualifying municipalities, allowing them discretion in fund allocation. It also expands the authority for municipalities with a population of 200,000 or greater to impose a rental car tax without the previous requirement of a major airport or designated industrial zone, thus broadening the scope of revenue generation for these municipalities. The changes are designed to enhance funding for mass transit and related infrastructure in rapidly growing urban areas.

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