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A2409
ASSEMBLY, No. 2409
STATE OF NEW JERSEY
222nd LEGISLATURE
�
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Assemblyman WILLIAM F. MOEN, JR.
District 5 (Camden and Gloucester)
SYNOPSIS
���� Requires all revenue generated by casino hotel
parking fee to be provided to CRDA; expands permitted uses of parking fee
revenues by CRDA.
CURRENT VERSION OF TEXT
���� Introduced Pending Technical Review by Legislative
Counsel.
��
An Act
concerning the fee on casino parking facilities and
amending P.L.1993, c.159.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.� Section 1 of P.L.1993,
c.159 (C.5:12-173.1) is amended to read as follows:
���� 1.��� The Legislature finds
that the single most significant factor contributing to the cost of
constructing, maintaining, operating and supporting highways, roads and
infrastructure, in Atlantic City, and particularly in the "corridor"
region of the city, is the heavy volume of motor vehicular traffic occasioned
by the attraction of casino gambling in Atlantic City.� This traffic is
encouraged by the provision of free parking by casino operations, by the
relative underdevelopment of public transportation services, and by the
shortage of hotel accommodations in the city.� While the Legislature has taken
various measures, most notably the "South Jersey Transportation Authority
Act," P.L.1991, c.252 (C.27:25A-1 et al.), to provide and improve public
transportation services in the South Jersey region as an alternative to the use
of motor vehicles, the heavy capital costs associated with reconstruction of
the corridor region's infrastructure require a continuous source of public
funding.� The Legislature declares, therefore, that it is in the public
interest to require a standard minimum charge for casino parking within
Atlantic City, and to impose fees on amounts received from those charges, with
the proceeds of those fees to be used by the Casino Reinvestment Development
Authority for projects which are related to improving the highways, roads,
infrastructure, traffic regulation and public safety of the city, or which are
otherwise necessary or useful to the economic development and redevelopment of
the city in this regard.� It is also in the public interest to establish a
special temporary fund for the use of existing moneys of the authority for the
provision of financial assistance to casino licensees to construct, reconstruct
or rehabilitate hotel rooms in Atlantic City.
���� The Legislature declares that
it is the public purpose of this amendatory act, P.L.1996, c.118 (C.5:12-173.3a
et al.), that financial assistance to casino licensees to construct,
reconstruct or rehabilitate hotel rooms in Atlantic City shall be determined
after excluding costs reasonably related to space used for the conduct of
casino gaming.� It was, and continues to be, the public purpose of P.L.1993,
c.159 (C.5:12-173.1 et seq.) that financial assistance may be provided to a
project which includes, incorporates, facilitates or supports space used for
the conduct of casino gaming in a casino hotel facility, but only for costs
reasonably related to hotel rooms and their appurtenant facilities in the
project.
���� The Legislature declares that
it is the public purpose of this amendatory and supplementary act, P.L.2003,
c.116 (C.5:12-148.1 et al.), that the proceeds of the increase in the fee
imposed on the minimum charge for casino hotel parking within Atlantic City be
deposited into the Casino Revenue Fund in State fiscal years 2004 through 2006,
in order to assist the Casino Revenue Fund, and thereafter for use for the
purposes specified.
����
The Legislature finds and
declares that it is the public purpose of this amendatory act, P.L.��� , c.���
(pending before the Legislature as this bill), that the entire proceeds of the
fee imposed on the charge for casino hotel parking within Atlantic City be
available to the Casino Reinvestment Development Authority for projects and
other purposes to support the continued development and betterment of Atlantic
City.
(cf: P.L.2003, c.116, s.8)
���� 2.� Section 4 of P.L.1993,
c.159 (C.5:12-173.4) is amended to read as follows:
���� 4.� a.� The State Treasurer
shall deposit
[
the
first $1.50 of
]
the
proceeds of the
fee collected pursuant to section 3 of this act,
P.L.1993, c.159 (C.5:12-173.3) into a special fund established and held by the
State Treasurer and made available for the exclusive use of the Casino
Reinvestment Development Authority established pursuant to section 5 of
P.L.1984, c.218 (C.5:12-153),
[
and
shall deposit the remaining $1.50 of the fee into the Casino Revenue Fund
established pursuant to section 145 of P.L.1977, c.110 (C.5:12-145) in State
fiscal years 2004 through 2006. Beginning in
]
except that in
State fiscal year 2007
[
and
thereafter
]
through State fiscal year 2025
, the State Treasurer shall deposit
[
the remaining
]
the
proceeds from
$1.50 of the fee as follows:� $0.50 into the Casino Revenue
Fund and $1.00 to the authority for its purposes pursuant to law, as approved
by the membership of the authority, provided that the authority shall use the
portion of this $1.00 that is necessary to carry out the purpose of section 13
of P.L.2003, c.116 (C.5:12-173.22).
���� b.��� Amounts in the special
fund shall be
[
expended
by the authority for eligible projects in the corridor region of the City of
Atlantic City in Atlantic County as defined by regulation of the authority,
which are related to improving the highways, roads, infrastructure, traffic
regulation and public safety of that city or which are otherwise necessary or
useful to the economic development and redevelopment of the city in this regard
]
made
available to the authority for projects located within the boundaries of the
City of Atlantic City in Atlantic County, or for any other purposes of the
authority as set forth in section 12 of P.L.1984, c.218 (C.5:12-160), as
approved by the authority
.� The State Treasurer may require that a
financial plan demonstrating the need, schedule
,
and use for moneys
placed in the special fund be approved by the State Treasurer prior to
allocation.� Pending application of moneys held in this special fund for these
purposes, the moneys shall be invested in accordance with applicable law and
income therefrom shall be credited exclusively to the special fund.
(cf: P.L.2003, c.116, s.11)
���� 3.� This act shall take effect
on the first day of the second month next following the date of enactment.
STATEMENT
���� This bill requires the full
amount of revenue generated by the casino hotel parking fee to be made
available to the Casino Reinvestment Development Authority (CRDA) for projects
located within the boundaries of the City of Atlantic City.�
���� Current law requires casino
licensees to charge and collect a fee of $3.00 per day for the use of a parking
space at a casino hotel facility.� Of that amount, the revenue derived from
$2.50 of the parking fee is deposited into a special fund held by the State
Treasurer and made available for the use of the CRDA for eligible public
improvements and economic development and redevelopment projects within the
corridor region of the City of Atlantic City.� The revenue derived from the
remaining $0.50 of the parking fee is deposited into the Casino Revenue Fund.�
The Casino Revenue Fund accounts for the taxes imposed on casinos, internet
gaming, sports betting, and other related activities.� Moneys in the Casino
Revenue Fund are required to be appropriated to support reductions in property
taxes, utility charges, and other specified expenses of eligible senior
citizens and individuals with disabilities.
���� Under the bill, the revenue
derived from $0.50 of the parking fee currently deposited into the Casino
Revenue Fund would instead be deposited into the special fund held by the State
Treasurer and made available for the use of the CRDA beginning in State fiscal
year 2026.� Revenues from the parking fee would no longer be deposited into the
Casino Revenue Fund.� The bill also amends current law to provide that parking
fee revenues deposited into the special fund would be available for use by the
CRDA for any projects located within the boundaries of the City of Atlantic
City, or for other statutory purposes of the authority, as approved by the
CRDA.� The CRDA would no longer be required to use the moneys in the special
fund for projects located only within the corridor region of Atlantic City.