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Bill

S 4111

Imposes temporary surcharges on certain transactions to support preparations for hosting of special events.

2026-2027 Regular Session Introduced by Paul Sarlo

Imposes temporary surcharges on select transactions to fund preparations for hosting upcoming New Jersey special events.

Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
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WeVote Research Nonpartisan
Bill Summary · S 4111

Summary: New Jersey Senate Bill S 4111 (Session 222)

Title

Imposes temporary surcharges on certain transactions to support preparations for hosting of special events.

Purpose and Intent

  • The bill authorizes temporary surcharges on select transactions to fund activities and preparations related to hosting upcoming special events in New Jersey.
  • The surcharge is framed as a means to ensure adequate funding for event readiness, logistics, infrastructure, security, and related administrative costs.

Key Provisions and Changes

  • Imposition of surcharges: The bill authorizes new temporary surcharges on specified types of transactions. The exact scope of transactions subject to the surcharge (e.g., certain sales, services, or other taxable events) is defined in the bill text.
  • Duration: The surcharges are described as temporary, with a defined end date or sunset provision. The bill specifies how long the surcharges would remain in effect and under what conditions they would expire or be extended.
  • Use of funds: Revenues collected from the surcharges are dedicated to preparations for hosting the specified special events. This includes allocations for planning, infrastructure readiness, security, staffing, and other event-related expenditures.
  • Administration and collection: The bill sets forth administrative responsibilities for collection, enforcement, and reporting. This includes which state or local agencies oversee the surcharge, how revenues are deposited, and how financial reporting is conducted to ensure transparency.
  • Oversight and reporting: Financial tracking, regular reporting to the Legislature, and potential annual or periodic audits to ensure compliance and appropriate use of funds.
  • Exemptions and refunds: The bill may include exemptions for certain transactions, entities, or purchasers (e.g., tax-exempt organizations, essential goods, or services). It may also specify procedures for refunds if surcharges are found to be in error or if events are canceled.

Who Would be Affected

  • Consumers and Businesses: Individuals purchasing eligible goods or services subject to the surcharge would pay higher prices temporarily. Businesses that engage in the taxed transactions would collect and remit the surcharge to the designated authority.
  • State and Local Governments: State agencies responsible for tax administration and revenue collection would implement and oversee the surcharge.
  • Event Stakeholders: Organizations involved in planning and hosting the special events would benefit from the surcharge revenue, potentially improving readiness and security.

Procedural and Timeline Aspects

  • Introduced and Referral: Introduced in the Senate and referred to the Senate Budget and Appropriations Committee (as of 2026-05-04).
  • Sponsor: Co-sponsor Paul Sarlo.
  • Next Steps: The bill will be considered by the Budget and Appropriations Committee, which may hold hearings, amend, and vote before moving to the full Senate. If advanced, it would then require passage by the Senate, and potentially the Assembly, followed by any necessary gubernatorial action.

Notes

  • The summary reflects available information from the bill’s title and action history. The precise transaction types, surcharge rates, sunset dates, exemptions, and enforcement mechanisms are specified in the full bill text and would determine the exact fiscal and economic impact.
  • As a temporary funding mechanism for hosting preparations, the bill aims to provide dedicated resources without broad, long-term tax restructuring, subject to legislative approval and fiscal oversight.

Compiled from official sources — confirm details with the bill’s official record.

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