Bill
A 5518
Imposes 30 percent electric public utility windfall surtax on certain taxpayers with allocated taxable net income in excess of 20 percent above five-year average income under CBT.
2024-2025 Regular Session
Introduced by Garnet Hall and 2 co-sponsors
New Jersey proposes 30% surtax on electric utilities whose annual profits exceed five-year average by over 20%, targeting windfall earnings during high-cost periods.
Introduced in the Assembly, Referred to Assembly Telecommunications and Utilities Committee