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Bill > S913
NJ S913
NJ S913Provides tax credits equal to cost of Jersey Fresh products purchased by breweries and wineries to be used in production of beer or wine.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill provides tax credits to the owners and operators of breweries and wineries for purchases of Jersey Fresh products. The amount of the credit would be equal to the amount paid to purchase commodities 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 credit, a 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
This bill allows breweries and wineries in New Jersey to receive tax credits for purchasing ingredients from businesses certified under the "Jersey Fresh Quality Grading Program," which means they use a department-approved "Jersey Fresh" logo. The credit is equal to the cost of these ingredients, up to a maximum of $10,000 per year, and can be applied against either the corporation business tax or the gross income tax. To qualify, businesses must provide receipts, documentation from the Department of Agriculture confirming the purchase from a certified vendor, and an affidavit stating the ingredients were used in beer or wine production. The bill also outlines rules for how these credits can be used, including limitations on how much tax liability can be reduced and provisions for carrying forward unused credits for future tax periods. The Director of the Division of Taxation will establish the specific rules for implementing these tax credits, which will apply to tax years beginning on or after January 1st following the bill's enactment.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/13/2026)
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/2026/S913 |
| BillText | https://pub.njleg.gov/Bills/2026/S1000/913_I1.HTM |
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