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Proposed tax relief for Kentucky's bourbon makers was fast-tracked Monday in advancing in the state House, but local leaders living near some of the world's best-known distilleries were in no mood ...
In Kentucky, a record 14.3 million barrels of bourbon were aging, the Kentucky Distillers’ Association said recently. That inventory is awaiting bottling at a time when younger adults appear to ...
It comes as the industry has massive inventories of aging whiskeys that will someday reach the market. In Kentucky, a record 14.3 million barrels of bourbon were aging, the Kentucky Distillers’ Association said recently. That inventory is awaiting bottling at a time when younger adults appear to be drinking less alcohol.
Kentucky’s bourbon and spirits industry had a banner year in 2022, with announcements of a record $2.1 billion in new investments. According to the Kentucky Distillers Association (KDA), 2.4 ...
The use tax imposes a compensating tax equal in amount to the sales tax that would have been imposed on the sale of the property, if the sale had occurred within the state's taxing jurisdiction. [3] The use tax is typically assessed at the same rate as the sales tax that would have been owed, and generally the taxability of the good or service ...
He credits Kentucky with the first tax levied exclusively on retailers. The initial tax, passed in 1930, was progressive, but was replaced in 1934 with a 3 percent flat rate tax and then was eliminated in 1936. The current Kentucky sales tax was adopted in 1960. The Commerce Clearing House credits Mississippi with the first sales tax, in 1930.
You can check the status of your Kentucky state tax refund at the state's online portal. You can speak with an examiner about a prior year's or amended refund by calling (502) 564-4581.
In 1976, the U.S. Supreme Court re-examined the original package doctrine and fundamentally changed its Import-Export Clause analysis. The case concerned whether a local ad valorum tax on a business' inventory could be applied to imported tires held in a Michelin warehouse pending distribution to the company's retail outlets. About 75% of the ...