as introduced - 88th Legislature (2013 - 2014) Posted on 05/08/2013 09:49am
Engrossments | ||
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Introduction | Posted on 05/08/2013 |
A bill for an act
relating to taxation; liquor; providing a credit for microdistilleries; amending
Minnesota Statutes 2012, section 297G.03, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2012, section 297G.03, is amended by adding a
subdivision to read:
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(a) A qualified distiller producing distilled spirits is
entitled to a tax credit of $1.33 per liter on 100,000 liters sold in any fiscal year beginning
July 1. A qualified distiller may take the credit on the 18th day of each month, but the total
credit allowed may not exceed in any fiscal year the lesser of:
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(1) the liability for tax; or
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(2) $133,000.
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(b) For purposes of this subdivision, "qualified distiller" means a microdistillery
qualifying under section 340A.101, subdivision 17a, in the calendar year immediately
preceding the calendar year for which the credit under this subdivision is claimed.
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This section is effective July 1, 2013.
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