NJ Democrats Introduce New Tax on Companies Receiving Trump Tariff Refunds

The proposal would impose a temporary surtax on businesses that receive certain federal tariff refunds and use the revenue for consumer price relief programs.

TRENTON, N.J. — New Jersey Democrats have introduced legislation that would impose a temporary surtax on corporations receiving certain federal tariff refunds, with the proceeds dedicated to programs intended to reduce consumer costs.

Assembly Bill 5227 was introduced during the 2026-2027 legislative session and ...