NJ S1840

Reduces the Alcoholic Beverage Tax rate from $5.50 to $2.75 per gallon for liquors manufactured in distilleries producing no more than 20,000 gallons of distilled alcoholic beverages per year

Maintains the current $5.50 per gallon tax rate for liquors produced by distilleries exceeding the 20,000 gallon annual threshold

Aims to encourage the start-up of new distilleries in New Jersey and help small distilleries compete with larger operations that benefit from economies of scale

Takes effect immediately upon enactment, applying to all sales and deliveries made on the first day of the next bimonthly reporting period