New Jersey Bill Would Let You Write Off EZ-Pass Tolls
An under the radar bill in Trenton would let New Jersey residents write off EZ-Pass tolls. The New Jersey tax bill was released in January and has been quietly stalled in the various corridors of power in the state building in Trenton.
Two Jersey Shore lawmakers — Democratic State Senator Patrick Diegnan from Middlesex and Republican State Senator James Holzapfel from Ocean — drew up the bill. According to the bill, the maximum amount that an individual could deduct from their state income is $1000.
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The thousand dollar deduction is not from Federal earned income, only New Jersey state income. Additionally, it’s important to note that only tolls paid through the EZ-Pass system will be eligible for the deduction. Tolls paid in other manners would not count towards the $1000 deduction.
Write Off Ez-Pass Tolls On Roads And Bridges
If the law makes it through and becomes law it would allow state residents to write off EZ-Pass tolls on roads and bridges. Garden State Parkway, Turnpike and roads and bridges going into New York City and Philadelphia would all count, as long as EZ-Pass is used to process the toll charge.
Some limitations are written into the bill. For example, if your tolls are already covered by your employer you wouldn’t be able to write them off through this program and double-dip. Fines and penalties would not be part of this program either. Nor would the administrative fee be part of it.
“This bill is intended to assist individuals in offsetting the considerable expenses associated with commuting, which have been aggravated by the recent increase in the State gasoline tax rate. By providing toll-paying commuters with a way to offset a portion of their costs, this bill recognizes that these individuals are paying more than their fair share of the burden of maintaining safe, modern, and ample roadways in the State.” -BillS520