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New Jersey is the only state in the US with this type of surcharge program. In the last few years, [ when? ] the state has charged drivers $583 million in surcharge fees, but the majority of those charged could not afford to pay the fines and had their driving privileges suspended because of their inability to pay.
The registration tax (impuesto de matriculation) applies at purchase time to the purchase price. It is a national tax and the rate varies from 0% to 14.75% depending on CO 2 emissions. In some cases regions may fix their own rates. The mechanical vehicle circulation tax (Impuesto sobre Vehículos de Tracción Mecánica or IVTM) is an annual tax ...
It includes an annual 2-cent rise in the gas tax and a new registration fee for zero-emission vehicles to help fund state road projects and NJ Transit's capital needs.
A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...
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The registration of vehicles sold in this manner is done through local DMV branches or through the use of independent "Registration Service Providers". Anyone who has applied for or received a vehicle registration must notify DMV of a new residence within 10 days or face a typical fine of $178. [8] [9]