SF 2097

as introduced - 89th Legislature (2015 - 2016) Posted on 03/11/2016 09:36am

A bill for an act
relating to taxation; liquor; providing a credit for farm wineries; amending
Minnesota Statutes 2014, section 297G.03, by adding a subdivision.

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

Section 1.

Minnesota Statutes 2014, section 297G.03, is amended by adding a
subdivision to read:

new text begin Subd. 6. new text end

new text begin Farm winery credit. new text end

new text begin (a) A farm winery producing wine is entitled to a
tax credit of $1.68 per gallon on 75,000 gallons sold in any fiscal year beginning July 1.
A farm 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:
new text end

new text begin (1) the liability for tax; or
new text end

new text begin (2) $126,000.
new text end

new text begin (b) For purposes of this subdivision, "farm winery" has the meaning given under
section 340A.315.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2015.
new text end