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

This bill (S 865) allows New Jersey breweries to claim tax credits against their alcoholic beverage tax liability for qualified capital expenses, such as purchasing equipment or machinery used in brewing. It directly affects licensed breweries that incur eligible expenses during a tax year, with credits limited to $200,000 per brewery annually and a total $5 million cap across all breweries each year. Breweries must apply for director approval using a detailed form documenting expenses, employment, production, and business relationships, with unused credits carryable for up to three years. The director must process applications within 90 days or deem them approved if delayed.