Decreases Alcoholic Beverage Tax rate for certain liquors in New Jersey.

This bill decreases the Alcoholic Beverage Tax (ABT) rate for certain liquors in New Jersey. The ABT rate for liquors manufactured in distilleries producing no more than 20,000 gallons of distilled alcoholic beverages per year will be reduced to $2.75 a gallon, while the ABT rate for liquors manufactured in all other distilleries remains at $5.50 a gallon. The bill aims to encourage the start-up of additional distilleries in the state and to make small distilleries more competitive with larger ones.

Decreases Alcoholic Beverage Tax rate for certain liquors in New Jersey.

This bill decreases the Alcoholic Beverage Tax (ABT) rate for certain liquors in New Jersey. The ABT rate for liquors manufactured in distilleries producing no more than 20,000 gallons of distilled alcoholic beverages per year will be reduced to $2.75 a gallon, while the ABT rate for liquors manufactured in all other distilleries remains at $5.50 a gallon. The bill aims to encourage the start-up of additional distilleries in the state and to make small distilleries more competitive with larger ones.