as introduced - 90th Legislature (2017 - 2018) Posted on 02/15/2017 10:20am
A bill for an act
relating to taxation; liquor; providing a credit for small wineries; amending
Minnesota Statutes 2016, section 297G.03, by adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 297G.03, is amended by adding a subdivision
to read:
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(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:
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(1) the liability for tax; or
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(2) $136,275.
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(b) For purposes of this subdivision, "qualified winery" means a winery, whether or not
located in this state, manufacturing fewer than 75,000 gallons of wine and cider annually.
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This section is effective July 1, 2017.
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