CraftGlobal News

Kentucky Senators Introduce Bill to Cement Tax Provision That Would Benefit Bourbon Makers

Just the other day, we posted a blog entitled Florida Distillers Go to Capitol Hill to Urge Support for Craft Beverage Modernization and Tax Reform Act.  Apparently, representatives from other states have been addressing their concerns as well.  As reported in The Hill, Kentucky’s two senators, Mitch McConnell and, Rand Paul introduced a bill to benefit bourbon makers.  Specifically, the bill seeks to make permanent the ability to deduct interest expenses related to inventory which benefits alcohol makers whose products take time to age, such as bourbon.  This is only one of tax relief benefits in President Trump’s Tax Cut and Jobs Act set to expire at the end of the year.  We will keep you updated as the legislative process develops. 

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The Author

Robert Lewis

Robert Lewis

Robert F. Lewis focuses his practice on the laws governing alcohol industry members at all three tiers as well as tobacco, and other regulated products. Rob has accumulated over 25 years of experience in the alcohol industry including previously serving in law enforcement and as a special agent with the State of Florida Division of Alcoholic Beverages and Tobacco. Rob’s experience includes working with foreign and domestic alcohol industry clients in a wide variety of issues including alcohol licensing and structuring of alcohol service operations, alcohol trade practice analysis and consulting, defending regulatory enforcement actions as well as state and federal investigations of alcohol industry members, administrative litigation, land use and zoning analysis and approval processes, and state and local government lobbying efforts. Rob has also served as an expert witness on matters relating to alcohol beverage law and administrative code provisions in Florida.

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