Bill
Bill > S1201
NJ S1201
NJ S1201Reduces alcoholic beverage tax rate on cider and low-percentage alcohol by volume liquors.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 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 current law governing the excise tax on alcoholic beverages, 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. Under the bill, liquors with lower than 9.9 percent ABV are to 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, the same as the tax rate for beer. Additionally, the bill sets the tax rate for liquors with less than 9.9% ABV (such as canned cocktails) at $0.12 per gallon, down from the standard liquor tax rate of $5.50 per gallon. These changes are intended to align the tax rates for these alcoholic beverages with the lower rate for beer.
Committee Categories
Justice
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Law and Public Safety Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S1201 |
| BillText | https://pub.njleg.gov/Bills/2024/S1500/1201_I1.HTM |
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