Provides alcoholic beverage tax credits to breweries for qualified capital expenses.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill creates tax credits for New Jersey breweries to help them invest in qualified capital expenses, such as equipment and machinery. The credits are capped at $200,000 per year for each brewery and can be carried over for up to three years if not fully used. The bill also establishes an application process for breweries to receive these credits and requires the state to track the program's impact through an annual report.
Bill text
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Document of record
- Version
- Introduced
- Published
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Sponsors
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1 on record
Primary sponsor
Michael Testa
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