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AN ACT relating to the taxation of the distilled spirits industry. Create a new section of KRS Chapter 141 to allow a distilled spirits income tax credit equal to the amount of distilled spirits ad valorem tax timely paid and used for capital improvements at the premises of the distiller; provide for recapture of the tax credit if the capital improvement is sold or otherwise disposed of prior to the useful life of the asset being exhausted; apply to taxable years beginning on and after January 1, 2015; amend KRS 141.0205 to order the credit.



  • De. Butler
  • J. Kay
  • D. Floyd
  • J. Adams
  • K. Bratcher
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