US government extends tax cut for craft distillers

Spirits producers in the US are breathing a sigh of relief after the government agreed to a one-year extension of a federal tax cut for craft brewers and distillers. The US introduced legislation that extends the Craft Beverage Modernization and Tax Reform Act for another 12 months on Tuesday (17 December). A two-year version of the Craft Beverage Modernization and Tax Reform Act was introduced in 2018 as part of US president Donald Trump’s US$1.4…

Continue Reading →

Ageing Bourbon barrel numbers hit 8.5m

More than 8.5 million barrels of Bourbon are maturing in Kentucky – equivalent to two barrels for every person living in the state, according to the Kentucky Distillers’ Association (KDA). The total number of all barrels reached 9.1m – the highest amount since 1968. More than 2.1m barrels of Bourbon were filled last year. “This is a historic day that cements Kentucky’s rightful title as the one, true and authentic home for Bourbon and distilled…

Continue Reading →

KDA debuts responsible retailing scheme for distilleries

The Kentucky Distillers’ Association (KDA) has partnered with Better Drinking Culture (BCD) on a responsible retailing programme to help distilleries prevent alcohol abuse. The new programme will help distilleries to “provide memorable experiences and mitigate alcohol-related harms”. Upon competition of an audit, a distillery will receive certification from the BDC. Under the programme, certified distilleries train a minimum of one employee as a BDC ambassador. Throughout 2019, BDC will work with ambassadors from each distillery…

Continue Reading →

US shutdown: ‘Long-term implications’ for spirits

The government shutdown in the US has had a troubling effect on drinks producers in the country and overseas. While large firms might be weathering the storm, for smaller companies times are tough. *This feature was originally published in the February issue of The Spirits Business. (Update: Democratic and Republican negotiators have agreed to finance construction of new barriers along the US-Mexico border as part of a deal to avoid a second government shutdown) The…

Continue Reading →

Kentucky distillery numbers triple in a decade

The number of distilleries in Kentucky has more than tripled in 10 years, with Bourbon production contributing US$8.6 billion to the state’s economy annually, according to a recent report. The Economic and Fiscal Impacts of the Distilling Industry in Kentucky report was prepared by Dr Paul Coomes and Barry Kornstein, formerly of the University of Louisville, in conjunction with the Kentucky Distillers’ Association (KDA). The biennial report notes that there are now 68 distilleries in…

Continue Reading →