NJ S945

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

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

Qualifying food establishments (restaurants, bars, food manufacturers, and licensed breweries) would receive a 10% tax credit for purchasing 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 credits carried forward up to 20 years for CBT and 5 years for GIT.

Taxpayers must submit purchase receipts, producer affidavits confirming New Jersey origin, and other documentation to claim credits, and cannot claim duplicate credits for the same expenses under multiple provisions.