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S.F. No. 2097 - Farm Winery Credit (as proposed to be amended by the A-1)
 
Author: Senator Bill Ingebrigtsen
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 15, 2016



 

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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