New Jersey S913 provides tax credits to breweries and wineries for purchasing Jersey Fresh products.
New Jersey S913 provides tax credits to owners and operators of breweries and wineries for purchases of Jersey Fresh products. The credit amount equals the cost of commodities from a Jersey Fresh Quality Grading Program licensee used in beer or wine production. The credit value cannot exceed $10,000. To qualify, taxpayers must attach purchase receipts, Department of Agriculture verification, and an affidavit stating the commodities were bought for business use. The act applies to taxable years beginning on or after January 1 following enactment.
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