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Senate Counsel, Research
and Fiscal Analysis
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Minnesota Senate Bldg.
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95 University Avenue W. Suite 3300
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St. Paul, MN 55155
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(651) 296-4791
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Alexis C. Stangl
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Director
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Senate
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State of Minnesota
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S.F. No. 2097 - Farm Winery Credit (as proposed to be amended by the A-1)
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Author:
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Senator Bill Ingebrigtsen
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Prepared By:
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Nora Pollock, Senate Counsel (651/297-8066)
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Date:
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March 15, 2016
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This bill provides an excise tax credit for farm wineries on wine or cider sold in a fiscal year. A farm winery is defined, in part, as a winery that produces no more than 75,000 gallons in a calendar year. The credit may be claimed on the 18th of each month but the total amount of credit in a fiscal year must not exceed the winery’s tax liability or $136,275, whichever is less.
Effective July 1, 2016.
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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Last review or update: 03/15/2016
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