Eliminates the corporate transit fee.

This bill repeals a 2.5% surtax (the "Corporate Transit Fee") that applied to certain corporations with over $10 million in New Jersey taxable income during specified periods. It directly affects large corporations paying the Corporation Business Tax (CBT) that met this income threshold, eliminating an additional fee they previously owed. The fee, which was imposed alongside regular CBT payments, funded New Jersey Transit operations and capital projects starting in fiscal year 2026. The repeal takes effect immediately upon enactment, removing this requirement for all future privilege periods.