Bill Text: MN SF1998 | 2011-2012 | 87th Legislature | Introduced
Bill Title: Qualified brewer tax credit qualification modification
Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: (Introduced - Dead) 2012-02-23 - Referred to Taxes [SF1998 Detail]
Download: Minnesota-2011-SF1998-Introduced.html
1.2relating to taxation; liquor; modifying the definition of a qualified brewer;
1.3amending Minnesota Statutes 2010, section 297G.04, subdivision 2.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2010, section 297G.04, subdivision 2, is amended to
1.6read:
1.7 Subd. 2. Tax credit. A qualified brewer producing fermented malt beverages
1.8is entitled to a tax credit of $4.60 per barrel on 25,000 barrels sold in any fiscal year
1.9beginning July 1, regardless of the alcohol content of the product. Qualified brewers may
1.10take the credit on the 18th day of each month, but the total credit allowed may not exceed
1.11in any fiscal year the lesser of:
1.12(1) the liability for tax; or
1.13(2) $115,000.
1.14For purposes of this subdivision, a "qualified brewer" means a brewer, whether or
1.15not located in this state, manufacturing less than100,000 250,000 barrels of fermented
1.16malt beverages in the calendar year immediately preceding the calendar year for which
1.17the credit under this subdivision is claimed. In determining the number of barrels, all
1.18brands or labels of a brewer must be combined. All facilities for the manufacture of
1.19fermented malt beverages owned or controlled by the same person, corporation, or other
1.20entity must be treated as a single brewer.
1.21EFFECTIVE DATE.This section is effective for determinations based on calendar
1.22year 2011 production and thereafter.
1.3amending Minnesota Statutes 2010, section 297G.04, subdivision 2.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2010, section 297G.04, subdivision 2, is amended to
1.6read:
1.7 Subd. 2. Tax credit. A qualified brewer producing fermented malt beverages
1.8is entitled to a tax credit of $4.60 per barrel on 25,000 barrels sold in any fiscal year
1.9beginning July 1, regardless of the alcohol content of the product. Qualified brewers may
1.10take the credit on the 18th day of each month, but the total credit allowed may not exceed
1.11in any fiscal year the lesser of:
1.12(1) the liability for tax; or
1.13(2) $115,000.
1.14For purposes of this subdivision, a "qualified brewer" means a brewer, whether or
1.15not located in this state, manufacturing less than
1.16malt beverages in the calendar year immediately preceding the calendar year for which
1.17the credit under this subdivision is claimed. In determining the number of barrels, all
1.18brands or labels of a brewer must be combined. All facilities for the manufacture of
1.19fermented malt beverages owned or controlled by the same person, corporation, or other
1.20entity must be treated as a single brewer.
1.21EFFECTIVE DATE.This section is effective for determinations based on calendar
1.22year 2011 production and thereafter.
