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S.F. No. 866 - Small winery credit
 
Author: Senator Bill Ingebrigtsen
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 7, 2017



 

This bill authorizes a credit for qualified wineries, defined as wineries in any state manufacturing fewer than 75,000 gallons of wine and cider annually. The credit is equal to the excise taxes due on wine and cider, for wine and cider sold in the fiscal year beginning July 1, up to $136,275. Effective July 1, 2017.

 
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