Bill
Bill > A4732
summary
Introduced
11/26/2018
11/26/2018
In Committee
11/14/2019
11/14/2019
Crossed Over
Passed
Dead
01/08/2020
01/08/2020
Introduced Session
2018-2019 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. Under the current law, a $0.875 per gallon tax is imposed on wines, vermouth, and sparkling wines, of which $0.47 per gallon on sales of these beverages produced by New Jersey wineries is dedicated to the account. The bill increases the dedication rate from $0.47 per gallon to $0.875 per gallon, which equals 100% of the tax imposed on these beverages, thereby providing more funding for research, development, and promotion of New Jersey's wine industry.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (4)
Last Action
Substituted by S3509 (on 11/25/2019)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2018/Bills/A5000/4732_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2018/Bills/A5000/4732_I1.PDF |
Loading...