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Bill

Bill

S 4746

Requires all revenue generated by casino hotel facility room occupancy fee to be provided to CRDA.

2024-2025 Regular Session Introduced by Vince Polistina

Directs all casino hotel room occupancy tax revenue exclusively to New Jersey's Casino Reinvestment Development Authority instead of current distribution methods.

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
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Bill Summary · S 4746

Legislative bill overview

S 4746 mandates that all revenue collected from room occupancy taxes at casino hotel facilities in New Jersey be directed entirely to the Casino Reinvestment Development Authority (CRDA). Currently, these revenues may be distributed among multiple entities or retained by municipalities. The bill would consolidate this funding stream under CRDA's control.

Why is this important

Room occupancy fees from casino hotels represent a significant revenue source in New Jersey, particularly in Atlantic City. Where this money flows affects economic development priorities, municipal budgets, and how casino-related tax revenue is deployed. This change would give CRDA exclusive control over reinvestment decisions rather than having funds split among stakeholders.

Potential points of contention

  • Municipal funding impact: Atlantic City and other casino-hosting municipalities may lose direct access to room occupancy revenue they currently receive, potentially affecting local budgets and services
  • CRDA's track record: Questions about CRDA's effectiveness and accountability in spending these funds compared to local government control
  • Centralization vs. local control: Debate over whether consolidating revenue in a state authority better serves the public interest than allowing municipalities to direct funds locally

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

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