AN ACT ESTABLISHING A PERSONAL INCOME TAX DEDUCTION FOR PUBLIC BENEFIT CHARGES PAID BY TAXPAYERS ON THEIR UTILITY BILLS.

SB 56 would create a personal income tax deduction for taxpayers who pay "public benefit charges" on their utility bills (such as electricity or gas). This deduction applies to the total amount paid annually for these specific charges. Taxpayers would subtract this amount from their taxable income when filing state taxes. The bill directly affects individual taxpayers with utility bills that include these public benefit fees, reducing their overall tax liability.