NJ Considers RTD and Cider Tax Reduction Bill

Share Post

Senate Bill 701 seeks to reduce the alcoholic beverage tax rate on cider and low-percentage alcohol by volume (ABV) liquors so that they match the tax rate for beer. Under current law, cider is taxed at $0.15 a gallon and beer at $0.12 a gallon. This bill reduces the rate on cider to $0.12 a gallon to match the tax rate for beer. Low-percentage ABV liquors, such as canned cocktails, are currently taxed at the rate for liquor, which is $5.50 a gallon. Under the bill, liquors with lower than 9.9 percent ABV are to be taxed at $0.12 a gallon to match the tax rate for beer.

Was this article helpful?
YesNo

Links: