New Jersey Equivalency Bill Lurches Forward

Dear Client: The New Jersey bill, dubbed SB 3452, which seeks to equivalize the state excise tax between malt-based RTDs and distilled spirits-based canned cocktails has passed out of a Senate committee yesterday. And so it lurches forward through the bowels of the Assembly.  We covered DISCUS' (spirits guys) take on the bill -- which they support. That take boils down to: If the ABVs are the same, why is the tax different based solely on the base?  To answer