Kentucky's bourbon industry boasts a new record of 12.6 million aging whiskey barrels, signaling a period of unprecedented growth. However, a downside emerges as the industry grapples with a record-breaking $50.2 million in barrel-related taxation. Governor Andy Beshear's approval of House Bill 5 aims to gradually phase out these taxes over 20 years, sparking initial concerns and debates between local communities and the booming bourbon industry.
Kentucky Sets New Record for Aging Whiskey Barrels
But It’s Not All Good in The Bourbon State.
5 months ago
