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Taxes

Kentucky House Okays Taxing Bev/Al on Alcohol Content

Kentucky will be the first state in the nation to tax alcoholic beverages based on their alcohol content under a bill approved by the state House. The measure, which passed 63-31, was sent to the state Senate. It includes alcohol, cannabis-infused beverages, hemp-derived cannabinoids and products like

Washington House Okays 10% Income Tax on $1 Million+ Incomes

Washington State has taken the first step toward losing its status as one of the few states lacking a personal income tax. It took over 24 hours of grinding floor debate, but Democrats in the Washington House approved a 9.9% income tax Tuesday on households earning over $1 million

UK Firms Face Same Threat That Forced Sale of Maker's Mark

Bill Samuels Sr. was 42 years old when he and his wife Margie began developing Maker's Mark. What started essentially as a hobby exploded in popularity when Wall Street Journal reporter David P. Garino had some time to kill and stopped by the Brown Hotel bar. During the

DISCUS, Local Distillers Support Lower Rtd Cocktail Tax

Maryland’s current tax structure places small distilleries like hers at a severe disadvantage in the fast-growing RTD market, Monica Pearce, co-founder of Tenth Ward Distilling Company in Frederick, Md., told the Maryland House Ways and Means Committee.“Our RTDs range from 5 to 7.5 percent ABV,

Colo. Legislators Want to Add Bev/Al Fees to Fund Addiction Services

A proposal to impose new fees on beer, wine and spirits manufacturers and wholesale distributors to fund addiction prevention, treatment and recovery programs is to be introduced in the Colorado House this week. The rate would be 26 cents per bottle of spirits, five cents per bottle of wine and

Trump's Promised Tax Cuts Seen Disappointing Average Worker

Gov't Shutdown? What's in It for You