Legislature votes to phase out tax on aging bourbon despite pleas from local officials

BY: - March 30, 2023

FRANKFORT — A bill to give Kentucky’s bourbon industry a property tax break on barrels of aging whiskey — something distillers have been asking for and some local communities say will “devastate” their budgets — saw last-minute changes before passing the legislature on the last day of the session House Bill 5, primarily sponsored by […]

House passes tax break for bourbon industry as local governments warn of fiscal ‘devastation’

BY: - March 13, 2023

The Kentucky House of Representatives approved a move Monday to gradually end a property tax on bourbon barrels — a vote that divided both political parties — the ramifications of which some local governments say will lead their communities to fiscal “devastation.” House Bill 5, sponsored by Rep. Jason Petrie, R-Elkton, would slowly lift the […]