Equivalency Bill Comes to a Halt in New Jersey

Dear Client: It looks like the beer industry banding together in New Jersey might just be enough to squash spirits’ equivalency efforts in the state. BBD understands that SB 3452, which seeks to equivalize the state excise tax between malt-based RTDs and distilled spirits-based canned cocktails, was pulled from a vote yesterday, which is key, because time is running out for the bill. The update is a good change of momentum for beer, as everything seemed to be heading in