Bill
A 5707
Imposes 10 percent electric public utility windfall surtax on taxpayers with allocated taxable net income in excess of $10 million under CBT.
2024-2025 Regular Session
Introduced by Verlina Reynolds-Jackson and 1 co-sponsor
New Jersey bill imposes 10% surtax on electric utility profits exceeding $10M to generate state revenue, risking consumer rate increases.
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee