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  • NJ A1726
  • Reduces the alcoholic beverage excise tax rate on liquor, wine, vermouth, sparkling wine, and hard cider and eliminates the dedication of that tax to the Health Care Subsidy Fund.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill reduces the alcoholic beverage excise tax rate imposed on liquor, wine, vermouth, sparkling wine, and hard cider. Beginning on July 1, 2010, the rate of tax imposed on liquor is decreased from $5.50 per gallon to $4.40 per gallon; the rate of tax imposed on wine, vermouth, and sparkling wine is decreased from $0.875 per gallon to $0.70 per gallon; and, the rate of tax imposed on hard cider (cider with an alcohol content by volume of at least 3 2/10% but not more than 7%) is deceased from $0.15 per gallon to $0.12 per gallon. This bill also repeals the dedication of $22 million of the annual revenue collected pursuant to the alcoholic beverage excise tax to the Health Care Subsidy Fund. The $22 million in annual tax revenue is approximately the amount of tax revenue collected annually that is attributed to the tax rate increases made in 2009 that are reversed by this bill.
Regulatory Oversight and Reform and Federal Relations
Introduced, Referred to Assembly Regulatory Oversight and Reform and Federal Relations Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Regulatory Oversight and Reform and Federal Relations Committee
Date Motion Yea Nay Other
None specified