A 195
Decreases Alcoholic Beverage Tax rate paid on certain liquors.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to lower the Alcoholic Beverage Tax (ABT) rate paid on certain liquors in New Jersey. Specifically, it adjusts the tax rate for liquor produced by distilleries, reducing it to $2.75 per gallon for distilleries producing no more than 20,000 gallons annually, while maintaining the existing rate for larger distilleries. The goal is to encourage the growth of smaller distilleries and increase competition within the industry.
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