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.

This bill imposes a 30% surtax on electric public utilities in New Jersey with taxable income exceeding 20% above their five-year average. It directly affects electric utilities that transmit and distribute electricity within the state, requiring them to pay this additional tax on their "windfall income" (the portion of income above the 20% threshold). The surtax is paid in addition to regular corporate taxes, with no credits allowed except for payment-related adjustments. All revenue collected, excluding funds for open space/farmland preservation, must be distributed proportionally to the utility’s ratepayers via the Board of Public Utilities.