Establishes loan program and provides corporation business tax and gross income tax credits for establishment of new vineyards and wineries.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to support the growth of the wine industry in New Jersey by creating a state-sponsored loan program for establishing new vineyards and wineries. It also offers tax credits to businesses – both corporations and those earning gross income – that establish these facilities. The goal is to encourage investment and job creation within the wine production sector. The bill seeks to stimulate economic activity and diversify New Jersey’s agricultural industry.
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1 on record
Primary sponsor
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