WebMar 8, 2024 · Mar 8, 2024. Kentucky’s bourbon and spirits industry had a banner year in 2024, with announcements of a record $2.1 billion in new investments. According to the Kentucky Distillers Association (KDA), 2.4 million full bourbon barrels now roll out of distilleries each year. As they say on their website, “We don’t mean to brag — or maybe ... WebAs Buffalo Trace Distillery's Master Distiller, Elmer T. Lee created a whiskey known as Blanton's that significantly impacted the bourbon industry when sales hit a plateau in …
Gov. Beshear: Kentucky’s Bourbon and Spirits Industry …
WebFeb 18, 2024 · A breakdown of the thriving Kentucky Bourbon industry. $9 billion in economic output every year; More than 22,500 jobs, up 83% in last 20 years ; $1.23 … WebDec 15, 2024 · FRANKFORT, Ky. (Dec. 15, 2024) – Today, Gov. Andy Beshear announced that in 2024, Kentucky recorded its best year for growth of its signature bourbon and … medicine man art gallery tucson
Bourbon whiskey - Wikipedia
WebThe bourbon industry has experienced a recent resurgence. Consider that the more than nine million barrels aging in Kentucky amounts to two barrels in inventory per state resident (1) . While 95% of the world’s bourbon supply is produced in Kentucky ( Figure 1 ), bourbon can be produced anywhere in the U.S. WebMar 15, 2024 · H.B. 5 proposes a total phase-out of Kentucky’s ad valorem tax on bourbon. It proposes an end of accumulation of income tax credits from ad valorem tax paid on distilled spirits beginning Jan. 1, 2024. However, the bill allows the credit to be carried forward and applied to future years. Then, beginning Jan. 1, 2026, the bill gradually … WebJan 12, 2024 · Bourbon is a signature industry in Kentucky that benefits from the commonwealth’s climate, soil and water. Distillers should be proud to contribute to the place that made their success possible, not drain it of resources to benefit their bottom line. medicine man band of heathens lyrics