bourbon

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 […]

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 […]