NJ S945

Restaurants and bars in New Jersey would receive a 10% tax credit (up to $10,000 annually) on purchases of New Jersey-produced wine and beer that is offered for sale to patrons.

Breweries and wineries would receive a tax credit equal to 100% of costs (up to $10,000 annually) for purchasing commodities from Jersey Fresh Quality Grading Program licensees for use in beer or wine production.

Qualifying food establishments (restaurants, bars, food manufacturers, and certain breweries) would receive 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 (CBT) and Gross Income Tax (GIT), with unused CBT credits carrying forward up to 20 years and 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 credits.