Bill
S 4592
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 Renee Burgess and 1 co-sponsor
New Jersey would impose a 30% surtax on electric utility profits exceeding 20% above their five-year average, targeting exceptional earnings during high-price periods.
Introduced in the Senate, Referred to Senate Economic Growth Committee