Imposes CBT surtax at rate of 2.5 percent until December 31, 2025 and requires amount collected from surtax be dedicated to specific purposes.

This bill extends a 2.5% surtax on corporation business tax (CBT) for businesses with over $1 million in taxable income, effective through December 31, 2025. It directly affects non-public utility corporations meeting the income threshold, requiring them to pay the surtax on top of existing CBT. Revenue collected must be dedicated to a new special account funding public transportation services/projects, public schools, and reimbursements for state employees' health care contributions. The surtax automatically suspends if federal corporate tax rates reach 35%, but otherwise remains active until the 2025 end date.