RTD Tax and Definition Bill Intro’d in NJ

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A.B. 5496 creates new taxable category of alcoholic beverages called flavored malt beverages defined as a beverage having an alcoholic content of one half of one per centum (1/2 of 1%) or more by volume for which the producer is required to file a formula for approval with the United States Alcohol and Tobacco Tax and Trade Bureau, and taxed at a rate of $4.40/gallon.

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