Bill > A722

Introduced Session

This bill provides tax credits to the owners and operators of breweries and wineries for purchases of Jersey Fresh products equal to the full price of commodities purchased from a Jersey Fresh Quality Grading Program licensee to be used in the production of beer or wine. The value of the credits allowed under the bill would not exceed $10,000. To qualify for the credits, the taxpayer would be required to attach receipts for sales of the commodities purchased by the taxpayer during the tax year or tax period, documentation from the Department of Agriculture verifying that the commodities were purchased from a Jersey Fresh Quality Grading Program licensee, and a signed affidavit stating that the commodities were purchased for business use.

AI Summary

Committee Categories

Don Guardian (R)*,  Mike Torrissi (R)*, 

Introduced, Referred to Assembly Oversight, Reform and Federal Relations Committee (on 01/09/2024)

Official Document