New Jersey S1840 reduces the Alcoholic Beverage Tax rate for certain liquors.

New Jersey S1840 decreases the Alcoholic Beverage Tax (ABT) rate for certain liquors. The bill lowers the tax rate for liquors produced by distilleries that manufacture no more than 20,000 gallons of distilled alcoholic beverages per year to $2.75 a gallon. The tax rate for liquors produced by larger distilleries remains at $5.50 a gallon. The bill aims to encourage the establishment of additional small distilleries in the state and to make them more competitive with larger distilleries.

New Jersey S1840 reduces the Alcoholic Beverage Tax rate for certain liquors.

New Jersey S1840 decreases the Alcoholic Beverage Tax (ABT) rate for certain liquors. The bill lowers the tax rate for liquors produced by distilleries that manufacture no more than 20,000 gallons of distilled alcoholic beverages per year to $2.75 a gallon. The tax rate for liquors produced by larger distilleries remains at $5.50 a gallon. The bill aims to encourage the establishment of additional small distilleries in the state and to make them more competitive with larger distilleries.