Kentucky distillers have filled 2.5 million barrels so far this year, breaking the record for production. For the first time, there are more than 10 million barrels of bourbon aging across the US state right now.
However, the achievement comes at a price. Kentucky state law considers bourbon aging in barrels to be property, and are therefore subject to property tax in the state.
It’s thought that no other region in the world taxes aging barrels in this way, and the bill puts Kentucky distillers at a competitive disadvantage with whiskey producers from other countries. The astronomical Kentucky barrel tax has increased by 140% in the last 10 years.
More here from The Drinks Business.