A4698 — Imposes 10 percent electric public utility windfall surtax on taxpayers with allocated taxable net income in excess of $10 million under CBT.

A4698 — Imposes 10 percent electric public utility windfall surtax on taxpayers with allocated taxable net income in excess of $10 million under CBT. · Informed CitizenryThis legislation proposes a new tax, called an electric public utility windfall surtax, which would be assessed at 10 percent. The tax specifically targets high-income earners—taxpayers whose all…Open in Informed Citizenry