The 6 percent increase in Kentucky's beverage alcohol tax is "no joke" and "no laughing matter," a leading state distiller is saying in advertisements in Lexington and Louisville newspapers on Wednesday, the day the increase takes effect.
Brown-Forman said the price of a typical bottle of spirits will be more than $11, with 53 percent in taxes. The company urges the legislature to reconsider the increase because of its effects on the economy and the bourbon industry.
That sentiment was echoed by the Kentucky Distillers Association. "The legislature has really put Kentucky's signature bourbon industry over a barrel with this unfair tax scheme" that creates "a significant competitive disadvantage" for state distillers, the association said in a statement.