New Jersey Lawmakers Back Jet-Fuel Tax Hike to Pay for Train
- Proposal amended to include Newark carriers other than United
- Funds would pay for a train service run by Port Authority
A United Continental Holdings Inc. airplane prepares for landing at Newark Liberty International Airport.
Photographer: Tim Fadek/BloombergThis article is for subscribers only.
New Jersey lawmakers gave preliminary approval to a jet-fuel tax that would force United Continental Holdings Inc. and other airlines to pay for expanded passenger rail at Newark Liberty International Airport.
Airlines are exempt from the state’s gross-receipts tax on petroleum products, with the exception of the fuel used during taxiing and take-off. A bill approved by the Senate budget committee would change that by taxing all the fuel used at Newark. The proceeds would pay for a train service operated by the Port Authority of New York and New Jersey.