Exempts fuel used for operation of certain school buses from petroleum products gross receipts tax and motor fuel tax; clarifies tax treatment of certain dyed fuel thereunder; clarifies determination of taxable estates of certain decedents.

This bill exempts fuel used for school buses transporting students to or from school or school activities by religious, charitable, or public agencies from New Jersey's petroleum products gross receipts tax and motor fuel tax. It clarifies that dyed fuel (unless used on public highways) is exempt from the gross receipts tax, aligning with existing motor fuel tax treatment. The bill also clarifies estate tax determination for New Jersey resident decedents dying between January 1, 2017 and January 1, 2018, by removing the deduction for taxes paid to other states. To claim the school bus fuel exemption, purchasers must pay tax at purchase and file a refund claim with the Division of Taxation. The school bus exemption applies to fuel used starting the first day of the month following enactment, while the estate tax clarification applies retroactively to estates of decedents dying on or after January 1, 2017.