Transportation Trust Fund Authority (TTFA)

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Transportation Trust Fund Authority (TTFA)

 

The Transportation Trust Fund statute (NJSA 27:1B et al.) was passed into law on July 10, 1984. Major amendments occurred in 1988, 1991, 1995, 2000, and 2006. Article VIII, Taxation and Finance, Section II, Paragraph 4, of the State Constitution was also amended on December 6, 1984 to dedicate 2.5 cents of the motor fuels tax to transportation capital improvement purposes and on December 7, 2000 to dedicate 9 cents of the motor fuel tax, petroleum products gross receipts taxes, and a portion of the general sales tax to transportation capital purposes. In 2006 the voters approved a constitutional amendment in which dedicates all 10.5 cents of the existing motor fuel tax for transportation capital improvement purposes.

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