New JerseyBreweries would get tax credits for donating leftover grain to farms
Starting January 1 after enactment, certain licensed breweries would earn alcohol tax credits for giving leftover brewing grain free to commercial farms for farm use.
What it does
Breweries with limited, restricted, or farm brewery licenses would get alcohol tax credits for giving leftover brewing grain free to commercial farms for farming or growing plants. Credits would apply to donations starting January 1 after enactment, with a $30,000 yearly cap and no cash refund for unused credits.
Argument forThe credit could encourage eligible breweries to give commercial farms useful grain leftovers at no charge.
Argument againstThe credits could reduce state alcohol tax collections when eligible breweries use their grain donations to lower their tax bills.
More detail
Eligible breweries would earn alcohol tax credits worth 12 cents per dry-weight pound of leftover brewing grain donated. Breweries with limited, restricted, or farm brewery licenses could claim credits for free donations to commercial farms for farming or growing plants. Yearly credits would be capped at $30,000 and could only offset taxes owed. Unused credits could carry forward for the next five tax years. Breweries must keep written records for as long as tax officials require and provide them on request. The credit would apply to donations made on or after January 1 following enactment.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 22Reported out of Assembly Committee, 2nd ReadingLatest
- Sep 17Introduced, Referred to Assembly Agriculture and Natural Resources CommitteeIntroduced
AgricultureTaxes & Budget