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MN HF1826
Bill
Status
Introduced
5/8/2013
Primary Sponsor
Jim Davnie
Click for details
AI Summary
- Provides a tax credit of $1.33 per liter for qualified distillers producing distilled spirits on up to 100,000 liters sold in any fiscal year beginning July 1
- Limits the total annual credit to the lesser of the distiller's tax liability or $133,000
- Allows qualified distillers to claim the credit on the 18th day of each month
- Defines "qualified distiller" as a microdistillery meeting criteria under Minnesota Statutes section 340A.101, subdivision 17a, based on the preceding calendar year
- Effective date is July 1, 2013
Legislative Description
Microdistillery tax credit provided.
Last Action
Author added Loeffler
3/17/2014
Committee Referrals
Taxes5/8/2013
Full Bill Text
No bill text available