HF 1826

as introduced - 88th Legislature (2013 - 2014) Posted on 05/08/2013 09:49am

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:

Section 1.

Minnesota Statutes 2012, section 297G.03, is amended by adding a
subdivision to read:

new text begin Subd. 5. new text end

new text begin Microdistillery credit. new text end

new text begin (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:
new text end

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

new text begin (2) $133,000.
new text end

new text begin (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.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective July 1, 2013.
new text end