New Jersey-Based Wineries
The CCSNJ supported three bills that deal with the ever-growing wine industry in New Jersey: S-1057 (Van Drew), which requires the New Jersey Economic Development Authority (NJEDA) to establish a loan program for certain vineyard and winery capital expenses; S-1082 (Cruz-Perez), which would provide tax credits to vineyards and wineries for qualified capital expenses; and, S-1083 (Cruz-Perez), which would establish a loan program and provide tax credits for the establishment of new vineyards and wineries in New Jersey. Although not well-known, New Jersey was the seventh-leading domestic wine producer in the country in 2010, creating the equivalent of more than 700,000 cases of wine from yields across nearly 2.5 million acres on approximately 200 farms—a figure the U.S. Department of Agriculture believes has increased dramatically in recent years. Providing access to capital and/or tax credits for new or existing vineyards and wineries, which often meet the criteria to be considered a small business in New Jersey, will only help this critical industry to the South Jersey economy continue to flourish.
S-1057 (Van Drew) was signed by the Governor on February 7, 2019.
S-1083 (Cruz-Perez/Gopal) was sent to the Governor's desk on January 13, 2020, Governor Murphy declined to sign the bill, meaning it expired without becoming law.
Related Links : https://www.njleg.state.nj.us/2018/Bills/PL19/34_.HTM