Tennessee SB2339 amends tax codes to allow credits for brewers donating spent grain byproducts for agricultural use.
Tennessee SB2339 amends Tennessee Code Annotated, Title 57 and Title 67, to establish a tax credit for brewers donating spent grain byproducts for agricultural use. Eligible taxpayers, defined as holders of a manufacturer license or permit to brew beer in Tennessee, can claim a credit of up to eight cents per pound of dry weight spent grain donated for agricultural purposes, including composting or animal feed. The credit is subject to a maximum of $30,000 per fiscal year or the total amount of excise taxes paid by the taxpayer, whichever is less.
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