US: Airline industry fights New Jersey lawmakers’ fuel-tax increase

A group representing major airlines is battling a plan by New Jersey lawmakers to increase the state’s tax on jet fuel to help fix a near-broke transportation-spending fund. The bipartisan plan would raise the 4% tax to 7% and remove a restriction that levies the rate only on fuel used in taxiing and take-offs. The move would bring in more than US$140m annually, according to the nonpartisan Office of Legislative Services. New Jersey senators proposed the fuel-tax increase as part of a 10-year transportation-spending plan. Unless legislators act, the state can’t borrow for new road and rail projects as of July 1. “Aviation is not a piggy bank for the legislature to use to solve their highway infrastructure problems," said A4A Wednesday. <br/>
Bloomberg
http://www.bloomberg.com/news/articles/2016-06-22/airline-industry-fights-new-jersey-lawmakers-fuel-tax-increase
6/22/16