Reduces alcoholic beverage tax rate on cider and low-percentage alcohol by volume liquors.
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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 proposes to lower the tax rate on cider and low-percentage alcohol by volume (ABV) liquors in New Jersey. Currently, cider is taxed at a higher rate than beer, and low-ABV liquors are taxed at a higher rate than liquor. The bill aims to align the tax rates for cider and beer, and to match the tax rate for low-ABV liquors with that of beer. This change would reduce the tax revenue generated from these beverages.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
James Beach
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