Bill
Bill > A5386
NJ A5386
NJ A5386Reduces alcoholic beverage tax rate on cider and low-percentage alcohol by volume liquors.
summary
Introduced
02/23/2021
02/23/2021
In Committee
02/23/2021
02/23/2021
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill reduces the alcoholic beverage tax rate on cider and low-percentage alcohol by volume (ABV) liquors so that they match the tax rate for beer. Under the alcoholic beverage tax, cider is taxed at $0.15 a gallon and beer is taxed at $0.12 a gallon. This bill reduces the rate on cider to $0.12 a gallon to match the tax rate for beer. Low-percentage ABV liquors, such as canned cocktails, are currently taxed at the rate for liquor, which is $5.50 a gallon. Pursuant to this bill, liquors with lower than eight percent ABV will be taxed at $0.12 a gallon to match the tax rate for beer.
AI Summary
This bill reduces the alcoholic beverage tax rate on cider and low-percentage alcohol by volume (ABV) liquors to match the tax rate for beer. Specifically, it lowers the tax rate on cider from $0.15 per gallon to $0.12 per gallon, and it taxes liquors with less than 8% ABV, such as canned cocktails, at $0.12 per gallon instead of the standard $5.50 per gallon liquor tax rate. This change will align the tax rates for these lower-alcohol beverages with the tax rate for beer, which is $0.12 per gallon.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee (on 02/23/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A5386 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A9999/5386_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A9999/5386_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A9999/5386_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A9999/5386_I1.PDF |
Loading...