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 that report "windfall income" - defined as taxable net income exceeding 20% above their five-year average. The surtax applies in addition to the utility’s regular corporate business tax and cannot be offset by credits (except for specific payment-related adjustments). All revenue collected from the surtax (excluding funds constitutionally reserved for open space/farmland) must be returned to ratepayers (utility customers) through the Board of Public Utilities, distributed proportionally to all customers of the affected utility. The bill targets utilities with unusually high profits relative to historical performance, aiming to redirect excess revenue back to consumers.