HF 4212

as introduced - 90th Legislature (2017 - 2018) Posted on 03/28/2018 01:50pm

A bill for an act
relating to taxation; liquor; modifying the small winery excise tax credit; amending
Minnesota Statutes 2017 Supplement, section 297G.03, subdivision 6.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2017 Supplement, section 297G.03, subdivision 6, is
amended to read:

Subd. 6.

Small Winery credit.

(a) A qualified winery producing wine or cider is entitled
to a tax credit equal to the excise tax due under subdivision 1, paragraphs (b) to (g), on the
wine or cider sold in any fiscal year beginning July 1. A qualified winery 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:

(1) the liability for tax; or

(2) $136,275.

(b) For purposes of this subdivision, "qualified winery" means a winery, whether or not
located in this state, that manufactured fewer than 75,000 gallons of wine new text begin excluding cider,
new text end and new text begin fewer than 25,000 barrels of new text end cider in the calendar year immediately preceding the fiscal
year for which the credit under this subdivision is claimed.

(c) By February 15 of each year, beginning in 2019, the commissioner of revenue shall
provide a report to the chairs and ranking minority members of the legislative committees
having jurisdiction over taxes that includes the following information for the previous fiscal
year, regarding the credit authorized under this subdivision:

(1) the total amount of the tax expenditure for the credit, including the amount of credits
claimed by Minnesota small wineries and out-of-state small wineries; and

(2) the number of claimants for the credit, including the number of Minnesota small
wineries and the number of out-of-state small wineries.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for wine and cider sold after June 30,
2018.
new text end