Creates new taxable category of alcoholic beverages called flavored malt beverages, imposes separate rate of taxation on new category pursuant to alcoholic beverages tax and allocates associated revenue.

This bill creates a new taxable category of alcoholic beverages called "flavored malt beverages" and imposes a separate tax rate of $4.40 per gallon on this category. Flavored malt beverages include products like alcoholic lemonades, colas, and cooler-type drinks that combine beer-like brewing with added distilled spirits for flavor. The tax revenue from this category will be split evenly between the Alcohol Education, Rehabilitation and Enforcement Fund and the General Fund. This bill directly affects beverage producers who make these products and changes how their sales are taxed under New Jersey's alcohol tax system.