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HF 1109

as introduced - 88th Legislature (2013 - 2014) Posted on 03/04/2013 01:49pm

KEY: stricken = removed, old language. underscored = added, new language.

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1.1A bill for an act
1.2relating to taxation; liquor; modifying the definition of a qualified brewer;
1.3amending Minnesota Statutes 2012, section 297G.04, subdivision 2.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5    Section 1. Minnesota Statutes 2012, section 297G.04, subdivision 2, is amended to read:
1.6    Subd. 2. Tax credit. A qualified brewer producing fermented malt beverages
1.7is entitled to a tax credit of $4.60 per barrel on 25,000 barrels sold in any fiscal year
1.8beginning July 1, regardless of the alcohol content of the product. Qualified brewers may
1.9take the credit on the 18th day of each month, but the total credit allowed may not exceed
1.10in any fiscal year the lesser of:
1.11(1) the liability for tax; or
1.12(2) $115,000.
1.13For purposes of this subdivision, a "qualified brewer" means a brewer, whether or
1.14not located in this state, manufacturing less than 100,000 250,000 barrels of fermented
1.15malt beverages in the calendar year immediately preceding the calendar year for which
1.16the credit under this subdivision is claimed. In determining the number of barrels, all
1.17brands or labels of a brewer must be combined. All facilities for the manufacture of
1.18fermented malt beverages owned or controlled by the same person, corporation, or other
1.19entity must be treated as a single brewer.
1.20EFFECTIVE DATE.This section is effective for determinations based on calendar
1.21year 2012 production and thereafter.

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