# New Jersey S1674: Requires Petroleum Products Gross Receipts Tax rate reduction if certain Legislative action is taken that includes increases in other State tax rates and revenue; dedicates revenues from certain sales and use tax increases to "Transportation Trust Fund Account."

New Jersey S1674, Requires Petroleum Products Gross Receipts Tax rate reduction if certain Legislative action is taken that includes increases in other State tax rates and revenue; dedicates revenues from certain sales and use tax increases to "Transportation Trust Fund Account.", is a 220th Legislature (2024-2025) Senate bill sponsored by Declan J. O'Scanlon Jr. (Republican); status failed, last action 2024-01-09 (Introduced, 1st Reading in Senate, Referred to Senate Transportation Committee) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/NJ-S1674-2024-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New Jersey S1674
- State: New Jersey
- Session: 220th Legislature (2024-2025)
- Title: Requires Petroleum Products Gross Receipts Tax rate reduction if certain Legislative action is taken that includes increases in other State tax rates and revenue; dedicates revenues from certain sales and use tax increases to "Transportation Trust Fund Account."
- Status: failed
- Chamber: Senate
- Introduced: 2024-01-09
- Last action: 2024-01-09, Introduced, 1st Reading in Senate, Referred to Senate Transportation Committee
- Sponsor: Declan J. O'Scanlon Jr. (Republican)
- Cosponsors: 0
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Declan J. O'Scanlon Jr. (Republican), Senate

## Actions (1)

- 2024-01-09: Introduced, 1st Reading in Senate, Referred to Senate Transportation Committee (Senate)

## Bill text

- As Introduced, 2024-01-03: [HTML](https://pub.njleg.state.nj.us/Bills/2024/S2000/1674_I1.HTM), [PDF](https://pub.njleg.state.nj.us/Bills/2024/S2000/1674_I1.PDF)

## Related bills

- S4928: Requires payment of prevailing wage for certain data center construction. (signed)
- S4925: Expands provisions of P.L.2022, c.9 under certain circumstances. (signed)
- S4847: Makes various changes to membership on Cannabis Regulatory Commission and to legalized medical and personal use cannabis marketplace. (signed)
- S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act." (signed)
- S4678: Includes retired teachers and county college faculty members in science, technology, engineering, and mathematics teacher grant program.* (signed)
- S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation program with remaining funds for unmet recovery and rebuilding needs for Supers… (signed)

## Sources
- [As Introduced (HTML)](https://pub.njleg.state.nj.us/Bills/2024/S2000/1674_I1.HTM)
- [As Introduced (PDF)](https://pub.njleg.state.nj.us/Bills/2024/S2000/1674_I1.PDF)

## Related
- [S4928: Requires payment of prevailing wage for certain data center construction.](https://policyrisk.com/state-bill/NJ-S4928-2024-2025)
- [S4925: Expands provisions of P.L.2022, c.9 under certain circumstances.](https://policyrisk.com/state-bill/NJ-S4925-2024-2025)
- [S4847: Makes various changes to membership on Cannabis Regulatory Commission and to le…](https://policyrisk.com/state-bill/NJ-S4847-2024-2025)
- [S4858: Establishes "New Jersey Veterans and Military Spouses Asset Protection Act."](https://policyrisk.com/state-bill/NJ-S4858-2024-2025)
- [S4678: Includes retired teachers and county college faculty members in science, techno…](https://policyrisk.com/state-bill/NJ-S4678-2024-2025)
- [S4812: Requires DCA to resume Reconstruction, Rehabilitation, Elevation and Mitigation…](https://policyrisk.com/state-bill/NJ-S4812-2024-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NJ-S1674-2024-2025 (as of 2026-10-17).