LEGISLATIVE FISCAL ESTIMATE

[Second Reprint]

ASSEMBLY, No. 2380

STATE OF NEW JERSEY

222nd LEGISLATURE

 

DATED: JUNE 30, 2026

 

 

SUMMARY

 

Synopsis:

Requires creation of license plates that allow disabled veterans to park in parking spots reserved for persons with disabilities. 

Type of Impact:

Potential annual State revenue and expenditure increases. 

Agencies Affected:

New Jersey Motor Vehicle Commission; Department of Community Affairs. 

 

 

Office of Legislative Services Estimate

Fiscal Impact

Year 1 

Thereafter

 

Potential State Expenditure Increase

At least $46,423

Indeterminate

 

Potential State Revenue Increase

$65,000 to $327,500

Indeterminate

 

 

·         The Office of Legislative Services (OLS) finds that the bill will potentially produce annual State revenue and expenditure increases. 

·         In response to a FY 2025 OLS Discussion Point, the New Jersey Motor Vehicle Commission indicated that it faced an upfront cost of $46,423 to set up a license plate program, which includes computer changes and an initial print run of 900 license plates. 

·         There are approximately 39,400 veterans living in New Jersey with a disability rating of 30 percent to 90 percent.  However, the bill only applies to veterans with a service-connected disability rating of 70 percent or higher that causes a walking impairment.  Because information is not available on this specific population of disabled veterans in the State, for the purposes of this analysis, the OLS assumes that 33.3 percent, or roughly 13,100 disabled veterans, are eligible for the disabled veteran license plates issued under the bill.  Moreover, the OLS estimates that approximately 10 percent to 50 percent of that disabled veteran population, or 1,310 to 6,550 disabled veterans, will apply for the disabled veteran license plate.  Based on these assumptions, the OLS estimates that the bill will generate $65,500 to $327,500 in revenue from application fees for the disabled veteran license plates in the first year of enactment. 

BILL DESCRIPTION

 

      This bill requires the New Jersey Motor Vehicle Commission to issue, upon application, disabled veteran license plates that display the words “Disabled Veteran” and a wheelchair symbol for any motor vehicle owned or leased and registered in the State by a disabled veteran or by a person furnishing transportation on behalf of a disabled veteran.  There is to be a one-time license plate application fee of $50 payable to the commission. 

      After deducting the costs to implement the license plate program, the commission is to deposit the remaining license plate application fees into the Veteran Housing Fund established by the bill.  The proceeds of the fund are to be used to supplement current State and federal funding for veteran housing programs administered by the State.

 

 

FISCAL ANALYSIS

 

EXECUTIVE BRANCH

 

      None received. 

 

OFFICE OF LEGISLATIVE SERVICES

 

      The OLS finds that the bill will potentially produce annual State revenue and expenditure increases that will largely offset one another. 

      In response to an FY 2025 OLS Discussion Point, the commission indicated that it faced an upfront cost of $46,423 to set up a license plate program, which includes computer changes and an initial print run of 900 license plates. 

 

Motor Vehicle Commission: Computer Programming Costs for New Plate Design

Description of Work

Hours

Total

Scope of Work Specifications

85

$11,197.41

Development

145

$16,255.45

System Testing

89.5

$10,033.54

Production Implementation

24

$2,705.47

Total Computer Programming Costs

343.5

$40,191.87

 

 

Plate Costs

 

Sample Plates (10 plates @3.90 each)

 

$39.00

Initial Acquisition Plates (900 plates @ $6.88 each)

 

$6,192.00

Total Specialty License Plate Costs

 

$46,422.87

 

      Using data compiled by the United States Department of Veterans Affairs, the OLS estimates that there are approximately 39,400 veterans living in New Jersey with a disability rating of 30 percent to 90 percent.  Notably, the bill only applies to disabled veterans with a service-connected disability rating of 70 percent or higher that causes a walking impairment.  Because information is not available on this specific population of disabled veterans in the State, for the purposes of this analysis, the OLS assumes that 33.3 percent, or roughly 13,100 disabled veterans, are eligible for the disabled veteran license plates issued under the bill.  Moreover, the OLS estimates that approximately 10 percent to 50 percent of this population, or 1,310 to 6,550 disabled veterans, will apply for the disabled veteran license plate.  Based on these assumptions, the OLS estimates that the bill will generate $65,500 to $327,500 in revenue from application fees for the disabled veteran license plates in the first year of enactment. 

 

Section:

Authorities, Utilities, Transportation and Communications

Analyst:

Michael D. Walker Jr.

Associate Fiscal Analyst

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.).