A5527

New Jersey A5527 provides tax credits to breweries for donating spent grain byproduct to commercial farms for agricultural or horticultural use.

New Jersey A5527 authorizes breweries to claim a tax credit against the alcoholic beverage tax based on the dry weight of spent grain byproduct donated to commercial farms for agricultural or horticultural use. The credit is calculated at $0.12 per pound of donated spent grain byproduct, with a maximum annual credit of $30,000 per brewery. The credit cannot reduce the brewery's tax liability below zero and any unused credit can be carried forward for up to five years.