An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in malt beverage tax, further providing for limited tax credits and providing for spent grain donation tax credit.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a tax credit for qualified brewers and manufacturers of malt or brewed beverages who donate spent grain byproduct to eligible agricultural operations. The credit is calculated based on the weight of the donated grain and is capped at $30,000 or the taxpayer’s qualified tax liability. The bill outlines application procedures, definitions, and rules for carrying over unused credits, aiming to encourage the reuse of agricultural resources and support local farms.
Key provisions
- Establishes a tax credit for spent grain donation by qualified brewers to eligible agricultural operations.
- The credit is 16 cents per pound of dry weight of spent grain donated.
- The credit cannot exceed $30,000 or the taxpayer’s qualified tax liability.
- Application must be submitted by February 1st of each year for donations from the prior calendar year.
- Eligible agricultural operations must be within 100 miles of an eligible facility.
- Eligible facilities must be where malt or brewed beverages are brewed or manufactured.
- Tax credits can be carried over to subsequent years, but reduced annually.
- The department will develop guidelines for implementing the tax credit.
Who is affected
- Brewers and manufacturers of malt or brewed beverages
- Eligible agricultural operations
- The Department of Revenue
- The Liquor Control Board
Bill text
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Document of record
- Version
- Pn 2927 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
Benjamin Sanchez
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