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MN HF2280
Bill
Status
Introduced
2/15/2012
Primary Sponsor
Jenifer Loon
Click for details
AI Summary
- Increases the production threshold for "qualified brewer" status from 100,000 barrels to 250,000 barrels of fermented malt beverages in the preceding calendar year.
- Qualified brewers remain eligible for a tax credit of $4.60 per barrel on up to 25,000 barrels sold annually, capped at the lesser of actual tax liability or $115,000 per fiscal year.
- Definition applies to brewers regardless of location within or outside Minnesota, with all brands, labels, and related facilities counted as a single brewer for qualification purposes.
- Effective for determinations based on calendar year 2011 production and thereafter.
Legislative Description
Qualified brewer definition modified for tax credit purposes.
Last Action
Committee report, to pass and re-refer to Taxes
3/8/2012
Committee Referrals
Taxes3/8/2012
Commerce and Regulatory Reform2/15/2012
Full Bill Text
No bill text available