LEGISLATIVE FISCAL ESTIMATE

[First Reprint]

ASSEMBLY, No. 4284

STATE OF NEW JERSEY

221st LEGISLATURE

 

DATED: JULY 2, 2024

 

 

SUMMARY

 

Synopsis:

Eliminates fee for special plates for firefighters and members of first aid or rescue squads.

Type of Impact:

Annual State revenue decrease.

Agencies Affected:

New Jersey Motor Vehicle Commission. 

 

 

Office of Legislative Services Estimate

Fiscal Impact

Annual

 

State Revenue Decrease

$10,065

 

 

 

 

·         The Office of Legislative Services (OLS) concludes that the bill would result in a $10,065 decrease in annual revenues for the New Jersey Motor Vehicle Commission by eliminating the $15 fee charged for the issuance of certain specialty license plates.

 

·         If more or fewer such license plates were issued in a given year, this fiscal impact would change accordingly. 

 

 

BILL DESCRIPTION

 

      The bill eliminates the $15 fee imposed by the New Jersey Motor Vehicle Commission for the issuance of a special license plate for any person who is a compensated, partially compensated, or a volunteer member of any fire department in New Jersey or any person who is a compensated, partially compensated, or a volunteer member of any first aid or rescue squad in New Jersey. 

      Additionally, the bill requires individuals to annually renew the special plate.  As part of the renewal, proof is to be submitted that demonstrates the individual remains a bona fide member of a fire fighting department or first aid or rescue squad in New Jersey.

FISCAL ANALYSIS

 

EXECUTIVE BRANCH

 

      None received. 

 

OFFICE OF LEGISLATIVE SERVICES

 

      The OLS concludes that this bill would result in an annual decrease in State revenues by eliminating the fee charged for the issuance of certain specialty license plates.

      The bill eliminates the $15 fee imposed for the issuance of special license plates for certain members of fire departments and first aid or rescue squads in New Jersey.  According to the commission, as of May 2024 there were 28,202 firefighter license plates in circulation and 1,366 first aid or rescue squad license plates in circulation.   

 

 

 

 

 

      The OLS estimates that the commission issues 641 firefighter specialty plates and 30 first aid and rescue squad specialty plates per year.  With the elimination of the $15 issuance fee, the State would incur an annual revenue decrease of approximately $10,065.  If more or fewer such license plates were issued in a given year, this fiscal impact would change accordingly.

 

 

Section:

Authorities, Utilities, Transportation and Communications

Analyst:

Michael Walker

Approved:

Thomas Koenig

Legislative Budget and Finance Officer

 

 

This legislative fiscal estimate has been produced by the Office of Legislative Services due to the failure of the Executive Branch to respond to our request for a fiscal note.

 

This fiscal estimate has been prepared pursuant to P.L.1980, c.67 (C.52:13B-6 et seq.).