The New Jersey Department of the Treasury announced that New Jersey’s gas tax rate will increase by 4.2 cents per gallon beginning on January 1, 2026, to support the State’s Transportation Trust Fund (TTF) program. This increase is the result of the 2024 law (Chapter 7), which gradually raises the State’s Highway Fuel Cap from Fiscal Year 2025 through Fiscal Year 2029. The Fiscal Year 2026 Highway Fuel Cap is set by statute at exactly $2.115 billion, which is 4.1% higher than the previous baseline level of $2.032 billion, and will increase each fiscal year, reaching $2.366 billion in FY2029.
Contact: Paul Penna, Director of Government Affairs, ppenna@njlm.org, 609-695-3481, x110.