Bill

Bill > S1476


NJ S1476

NJ S1476
Increases dedication of certain revenues to "New Jersey Wine Promotion Account."


summary

Introduced
02/10/2022
In Committee
06/13/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill increases the dedication of certain revenues to the "New Jersey Wine Promotion Account" in the Department of Agriculture. Under current law, wines, vermouth, and sparkling wines are subject to a $0.875 per gallon tax pursuant to the "Alcoholic Beverage Tax Law," (R.S.54:41-1 et seq.). Of the $0.875 per gallon tax currently imposed, an amount equal to $0.47 per gallon on all sales of wines, vermouth, and sparkling wines produced by New Jersey wineries is dedicated to the "New Jersey Wine Promotion Account." The bill increases the dedication rate from $0.47 per gallon to $0.875 per gallon, which equals 100 percent of the tax imposed on these beverages.

AI Summary

This bill increases the dedication of certain revenues to the "New Jersey Wine Promotion Account" in the Department of Agriculture. Specifically, it increases the dedication rate from $0.47 per gallon to $0.875 per gallon on all sales of wines, vermouth, and sparkling wines produced by New Jersey wineries, which equals 100 percent of the tax imposed on these beverages. The purpose of the account is to fund research and development concerning the viticultural and wine-making processes in the state and to promote New Jersey wine.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (1)

Last Action

Referred to Senate Budget and Appropriations Committee (on 06/13/2022)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...