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Welcome To The Golden Age of Bourbon

Welcome To The Golden Age of Bourbon. IJC Licensing and Occupations Committee July 19, 2019. - $8.6 Billion Signature Industry - 20,100 Jobs - $1 Billion Payroll - Over $2 Bil in Capital Investment 2011-2021. There are almost 2 barrels for every person living in Kentucky. 8.1 million barrels.

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Welcome To The Golden Age of Bourbon

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  1. Welcome To The Golden Age of Bourbon IJC Licensing and Occupations Committee July 19, 2019

  2. - $8.6 Billion Signature Industry- 20,100 Jobs- $1 Billion Payroll- Over $2 Bil in Capital Investment 2011-2021

  3. There are almost 2 barrels for every person living in Kentucky 8.1 million barrels 4.3 million people

  4. Record-Breaking Growth Continues 1,404,926 Visits In 2018! KY Bourbon Trail KBT Craft Tour

  5. Highest Taxed Industry in Kentucky 34.4 Cents of Every $1 Output Goes to Taxes More than all other 536 Kentucky Industries Seven different taxes on every bottle of spirits in Kentucky • Aging barrel tax (local) – rate by jurisdiction • Aging barrel tax (state) – 5 cents per $100 value • Case tax– 5 cents per case • State excise tax– $1.92 gallon • Federal excise tax – $13.50 proof gallon • State wholesale tax – 11 percent (raised in 2005) • State sales tax – 6 percent (added in 2009) 60 percent of every bottle of spirits in Kentucky goes to taxes Generates $190 million in local & state tax revenue, $625 million in federal taxes

  6. Enjoy our fine Bourbon and distilled spirits like a true Kentuckian – RESPONSIBLY. Thank you.

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