H.F. No. 4212 Summary

• Qualified wineries producing wine or cider receive an excise tax credit limited to the lesser of their tax liability or $136,275 per fiscal year, claimable monthly on the 18th day.

• "Qualified winery" is defined as any winery (in or out of state) that manufactured fewer than 75,000 gallons of wine excluding cider and fewer than 25,000 barrels of cider in the calendar year preceding the fiscal year when credit is claimed.

• Commissioner of revenue must provide annual reports by February 15 (starting 2019) to tax committee chairs and ranking minority members showing total tax expenditure and number of claimants, broken down by Minnesota and out-of-state wineries.

• Effective for wine and cider sold after June 30, 2018.