Bill
Bill > A5062
summary
Introduced
12/09/2024
12/09/2024
In Committee
12/09/2024
12/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill provides that annual licensing fees for farm and plenary wineries, wine blending licensees, instructional winemaking facilities, and out-of-State wineries would be dedicated for a period of five years to the New Jersey Wine Promotion account, established in current law. Under the bill, the monies deposited in the account would be appropriated to the Department of Agriculture for use by the New Jersey Wine Industry Advisory Council to award grants for wine industry projects that address research, development, and promotion of the New Jersey wine industry. In fiscal year 2024, the total revenue collected from winery fees by the State was nearly $680,000. It is the sponsor's intent that the bill's temporary reallocation of this revenue to funding winery marketing will grow the industry in New Jersey, allowing the State to collect more revenue in the future from increased sales of winery products.
AI Summary
This bill dedicates annual licensing fees from various types of wineries (including farm, plenary, wine blending, instructional winemaking facilities, and out-of-state wineries) to the New Jersey Wine Promotion Account for a period of five years. During this time, the collected fees—which totaled nearly $680,000 in fiscal year 2024—will be appropriated to the Department of Agriculture and used by the New Jersey Wine Industry Advisory Council to fund grants focused on research, development, and promotion of the state's wine industry. The goal of this temporary reallocation is to support and grow New Jersey's wine sector, with the expectation that increased industry support will ultimately lead to higher future revenue from wine product sales. The bill will take effect on the first day of the fourth month following its enactment, ensuring a structured and time-limited approach to supporting the state's wine industry through targeted financial assistance.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce, Economic Development and Agriculture Committee (on 12/09/2024)
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/A5062 |
| BillText | https://pub.njleg.gov/Bills/2024/A5500/5062_I1.HTM |
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