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The bourbon tax percentage paid to counties will decrease then. KDA says because barrel production continues to rise year-over-year, counties should not see a dip in revenue for at least 10 years.
The phase-out, which will begin in 2026, will see that tax reduced by a few percentage points each year, leading to its full elimination by 2043—a move being applauded by the state's roughly $9 ...
Each of those counties gets a cut of the bourbon barrel tax. In 2022, distillers paid $39.5 million in taxes on their barrels. of that, $26 million went to schools across Kentucky.
FRANKFORT, Ky. — Proposed tax relief for Kentucky’s bourbon makers was fast-tracked Monday in advancing in the state House, but local leaders living near some of the world’s best-known ...
LOUISVILLE, Ky. (WDRB) — A controversial repeal of Kentucky’s tax on aging bourbon barrels is moving in the final hours of the annual legislative session on Thursday night. A modified version ...
A record-high 11.4 million bourbon barrels are in the aging process and stored across 40 counties—all of which received a portion of the $40 million in barrel tax revenue paid by distilleries.
Kentucky produces an astounding 95% of the world's bourbon supply. 1 weather alerts 1 closings/delays. Watch Now. 1 weather alerts 1 closings/delays. Menu. Search site.
Kentucky produces an astounding 95% of the world's bourbon supply. 1 weather alerts 1 closings/delays. Watch Now. 1 weather alerts 1 closings/delays. Menu. Search site.
Kentucky produces an astounding 95% of the world's bourbon supply. 1 weather alerts 1 closings/delays. Watch Now. 1 weather alerts 1 closings/delays. Menu. Search site.
Kentucky produces an astounding 95% of the world's bourbon supply. 1 weather alerts 1 closings/delays. Watch Now. 1 weather alerts 1 closings/delays. Menu. Search site.