Increases dedication of certain revenues to "New Jersey Wine Promotion Account."

This bill increases the tax revenue dedicated to New Jersey's wine promotion account from $0.47 to $0.875 per gallon on sales of wine, vermouth, and sparkling wine by New Jersey wineries. It directly affects licensed wineries (both plenary and farm wineries) that pay this tax under the state's Alcoholic Beverage Tax Law. The funds will be used by the Department of Agriculture for promoting New Jersey wine and supporting viticultural research, as recommended by the Wine Industry Advisory Council. The change makes 100% of this specific tax revenue go to the promotion account, up from the previous 54% rate.