33:5-3 "New Jersey Brewery, Cidery, Meadery, and Distillery Industry Promotion Account" established; credit; research, development.
222 words·~1 min read·
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3. a. There is established in the Division of Travel and Tourism in the Department of State the "New Jersey Brewery, Cidery, Meadery, and Distillery Industry Promotion Account." All monies received in this account shall be expended by the executive director for research and development concerning the limited brewery, restricted brewery, cidery, meadery, and craft distillery industries in the State and for the promotion of New Jersey's limited brewery, restricted brewery, cidery, meadery, and craft distillery industries, and in determining how to expend these monies the executive director shall give due consideration to the recommendations of the advisory council created pursuant to section 4 of P.L.2021, c.438 (C.33:5-4).
b. The account shall be credited annually, in an appropriation by law, with an amount equal to 50 percent of the receipts from the per gallon tax, as provided for pursuant to R.S.54:43-1, imposed on all sales of beer, cider, mead, and liquors sold by a qualifying licensee during the preceding taxable year.
c. The account shall also be credited with any monies made available to it from the General Fund or any non-State public or private source.
d. The Secretary of State shall include with the annual budget request for the department a request for funds sufficient to carry out the purposes and intent of P.L.2021, c.438 (C.33:5-1 et seq.).
L.2021, c.438, s.3.