🥃Kentucky distillers paid over $50 million in barrel taxes in 2023
💰Distillers are concerned about the sustainability of the current barrel tax system
📈Bourbon production has increased, leading to higher barrel tax payments
🥃Kentucky distillers paid over $50 million in barrel taxes in 2023
💰Distillers are concerned about the sustainability of the current barrel tax system
📈Bourbon production has increased, leading to higher barrel tax payments
What is the barrel tax?
—The barrel tax is a tax paid by distillers for each barrel of bourbon produced.
Why are distillers calling for a change in the barrel tax system?
—Distillers are concerned about the sustainability of the current tax system, which does not reflect the increase in bourbon production.
How can the barrel tax system be changed?
—Distillers are advocating for a revision of the barrel tax system to better align with the current bourbon production levels.
00:00Kentucky distillers paid over $50 million in barrel taxes in 2023.
02:30Distillers are concerned about the sustainability of the current barrel tax system.
04:45Bourbon production has increased, leading to higher barrel tax payments.
