Bill > SB2339

This bill establishes an excise tax credit for Tennessee brewers who donate spent grain byproduct, which is the leftover material from grain used to make beer, for agricultural purposes like animal feed or composting. To qualify, the brewer must hold a manufacturer license for high alcohol content beer or a permit to brew beer, and the donated byproduct must go to a recipient within 100 miles of the brewery. The credit is calculated at eight cents per pound of dry weight of the donated byproduct, with an annual limit of $30,000 or the total excise taxes paid by the brewer, whichever is less. The Department of Revenue will oversee the application process and can request necessary information to verify eligibility and credit amounts, in consultation with the Department of Agriculture. This new tax credit will be applied against the excise tax liability imposed on alcoholic beverages.

Budget and Finance, Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=SB2339&ga=114