NJ S4546

Restaurants and bars can claim a tax credit equal to 10% of costs for purchasing New Jersey-produced wine or beer that is offered for sale to patrons, capped at $10,000 per taxpayer per year

Breweries and wineries can claim a tax credit equal to 100% of costs for purchasing commodities from Jersey Fresh Quality Grading Program licensees for use in beer or wine production, capped at $10,000 per taxpayer per year

Qualifying food establishments (restaurants, bars, food manufacturers, and licensed breweries) can claim a 10% tax credit on purchases of fruits, vegetables, crops, and other ingredients grown or manufactured in New Jersey

Credits apply to both Corporation Business Tax and Gross Income Tax, with unused CBT credits carrying forward up to 20 years and unused GIT credits carrying forward up to 5 years

Taxpayers must submit purchase receipts, proof of New Jersey origin, and signed affidavits with their tax returns to claim the credits