Eliminates the corporate transit fee.

This bill repeals New Jersey's Corporate Transit Fee, which imposed a 2.5% surtax on certain corporations with over $10 million in New Jersey taxable income during 2024-2028. It directly affects corporations subject to the Corporate Business Tax (CBT) that previously paid this fee. The repeal removes the requirement for these taxpayers to pay the fee for any tax period after the bill's enactment, ending a mandatory surcharge that funded NJ Transit operations and federal matching funds. The bill effectively eliminates this specific tax provision without altering other CBT requirements.