barrel tax

Beshear signs phase out of tax on aging bourbon, despite local officials’ pleas

BY: - March 30, 2023

FRANKFORT — Without fanfare, Gov. Andy Beshear on Friday signed a bill giving  Kentucky’s bourbon industry a property tax break on barrels of aging whiskey. Unlike bills legalizing sports gambling and medical marijuana, Beshear held no signing ceremony for House Bill 5. Distillers had been asking for the tax’s repeal for some time, while local […]