MN SF3854

Qualified wineries producing wine or cider receive an excise tax credit up to $136,275 per fiscal year, claimable monthly on the 18th day of each month.

Qualified winery definition includes wineries that manufactured fewer than 75,000 gallons of wine (excluding cider) and fewer than 25,000 barrels of cider in the calendar year immediately preceding the fiscal year for which the credit is claimed.

Commissioner of revenue must provide annual reports by February 15 (beginning in 2019) to legislative tax committees detailing total tax expenditure amounts and number of claimants, broken down separately for Minnesota and out-of-state small wineries.

Provision applies to wine and cider sold after June 30, 2018.