Bourbon Barrels - source: www.kentucky.com
From the “why not ask for more” department, it seems the Kentucky bourbon industry is lobbying for changes to the state tax law to alleviate some of the pain of the taxation scheme they currently operate under. In an industry-penned missive published as an op-ed on Kentucky.com, the industry is claiming injury at the high rate of taxes they face, and cite the usurious nature of the “ad valorem” tax the state places on aging bourbon barrels.
We don’t have a strong opinion either way regarding rates of taxation on Kentucky distilleries. Right now, good stuff is available on the shelf and that’s our principle concern. We post the link here principally because we like anything to do with bourbon barrels, even taxation.
You can read the source for full details.
source: http://www.kentucky.com