STATEMENT TO

SENATE COMMITTEE SUBSTITUTE FOR

SENATE, Nos. 498 and 927

with Assembly Floor Amendments

(Proposed By Assemblyman GREGG)

ADOPTED: JUNE 24, 1996

      This bill would repeal current State law mandating employers to undertake employer trip reduction programs, but maintain the tax benefits established for such participation as an incentive for employers to continue to encourage alternative means of commuting by providing commuter transportation benefits. These Assembly amendments would provide increased tax benefits to those employers and their employees who had filed compliance plans pursuant to the "New Jersey Traffic Congestion and Air Pollution Control Act."