1.1.................... moves to amend H.F. No. 885 as follows:
1.2Page 3, after line 22, insert:
1.3 "Sec. 3. Minnesota Statutes 2012, section 297G.03, is amended by adding a subdivision
1.4to read:
1.5 Subd. 5. Small winery credit. (a) A qualified winery is entitled to a tax credit of
1.669 cents per liter on 100,000 liters sold in any fiscal year beginning July 1. Qualified
1.7wineries may take the credit on the 18th day of each month, but the total credit allowed
1.8may not exceed in any fiscal year the lesser of:
1.9(1) the liability for tax; or
1.10(2) $69,000.
1.11(b) For purposes of this subdivision, a "qualified winery" means a winery, whether
1.12or not located in this state, producing less than 400,000 liters of wine in the calendar year
1.13immediately preceding the calendar year for which the credit under this subdivision is
1.14claimed. In determining the number of liters, all brands or labels of a winery must be
1.15combined. All facilities for the production of wine owned or controlled by the same
1.16person, corporation, or other entity must be treated as a single winery.
1.17EFFECTIVE DATE.This section is effective July 1, 2013."
1.18Renumber the sections in sequence and correct the internal references
1.19Amend the title accordingly