Small Winery Credit and Annual Production Report
Small wineries that produce 75,000 gallons or less of wine and cider in a calendar year qualify for this tax credit. If eligible, they claim the credit on the excise tax they owe on wine and cider sales in the following fiscal year.
The Annual Report
You must report the amount of gallons of wine or cider you produced during the calendar year on the Small Winery Production Report (Form LB56P). File your report with your December Farm Winery Tax Return (Form LB56F), due January 18.