Provides alcoholic beverage tax credits to breweries for qualified capital expenses.

This New Jersey bill (S 1340) creates a tax credit for licensed breweries to offset their alcoholic beverage tax liability. Breweries can claim credits equal to qualified capital expenses - such as equipment, machinery, or facility upgrades used for brewing beer and similar beverages - up to $200,000 per brewery annually. The total statewide credit limit is $5 million yearly, with unused credits carryable for up to three years. Breweries must apply for approval through the state director’s office to claim these credits.