A5227

Imposes temporary surtax on certain tariff refunds; dedicates revenues to consumer price relief.

Imposes a temporary five-year surtax on certain tariff refunds received by corporation business taxpayers and dedicates the revenues collected from the surtax towards consumer price relief. The surtax would be equal to 90 percent of the apportioned tariff refunds received by a taxpayer during each year. The surtax would be imposed in addition to the corporation business tax for privilege periods beginning on or after January 1, 2026 but before January 1, 2030.