Creates new taxable category of alcoholic beverages called flavored malt beverages, imposes separate rate of taxation on new category pursuant to alcoholic beverages tax and allocates associated revenue.

This bill creates a new taxable category called "flavored malt beverages" in New Jersey's alcohol tax code, requiring producers to file federal formulas with the Alcohol and Tobacco Tax and Trade Bureau (TTB). It imposes a separate tax rate for this category under the existing alcoholic beverages tax structure, distinct from beer, wine, or liquor. The bill directly affects beverage producers who manufacture these products, as they must now comply with the new tax classification. The summary focuses solely on the defined tax mechanism, without speculating on revenue use or industry impact.