» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 42 | NO. 16 | Friday, April 20, 2018

Lawmakers OK whiskey barrel tax exemption bill

Print | Front Page | Email this story

NASHVILLE (AP) — Tennessee's Republican-led legislature has passed a proposal to exempt Jack Daniel's and other distillers from property tax on whiskey barrels, a fee the company says it hasn't had to pay at least since Prohibition ended eight decades ago.

On Monday, the House voted 78-12 for the bill by Republican Rep. David Alexander of Winchester. The Senate previously voted 30-0 for the proposal, so it heads to Republican Gov. Bill Haslam.

Additionally, an opinion by Tennessee Attorney General Herbert Slatery said the state constitution doesn't exempt whiskey barrels from property taxes. The distillers have argued the Tennessee Constitution does shield their barrels from the tax.

A local audit recently deemed Jack Daniel's barrels taxable. A legislative analysis says the tax would cost Jack Daniel's $2.8 million this year.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0