Decreases Alcoholic Beverage Tax rate paid on certain liquors.

This bill lowers New Jersey's alcoholic beverage tax rate for small distilleries from $5.50 to $2.75 per gallon on liquors produced by distilleries making 20,000 gallons or less annually. Larger distilleries producing over 20,000 gallons per year will continue to pay the $5.50 rate. The change applies immediately to all sales and deliveries starting with the next bimonthly tax reporting period after enactment. The bill directly affects small craft distilleries seeking to reduce their tax burden.