Distillers appear to be thrilled over the $2-trillion COVID-19 relief package passed by the U.S. Senate. The package included an important federal excise tax waiver for hand sanitizer produced by distillers. Prior to this passage, distillers making hand sanitizer still had to pay excise taxes … Continue readingDistillers Applaud COVID Relief Package, Demand More Action
The TTB issued the following guidance on distilleries making hand sanitizer…. Due to the Coronavirus 2019 (COVID-19) pandemic, the Acting Administrator of the Alcohol and Tobacco Tax and Trade Bureau (TTB) has found that it is necessary or desirable to waive provisions of internal revenue … Continue readingTTB Guidance on Hand Sanitizer
Last week, United States Trade Representative Robert Lighthizer and Bolivia’s Foreign Minister Karen Longaric signed an agreement to officially recognize each countries native distilled spirits.
The Distilled Spirits Council released its annual economic briefing today and one thing is clear: Bourbon’s still kicking ass and taking names. The report noted American whiskey volume was up 6.4% to 23.2M cases (+1.4M cases) and revenues up 8.1% to $3.4B (+$252M). Total spirits … Continue readingBourbon Continues to Own the World
Shortly after the Kentucky Distillers’ Association announced bourbon’s $8.5-billion economic output, the Distilled Spirits Council released its Economic Impact study covering last year. The highlights were (from the press release): American whiskey – Bourbon, Tennessee and Rye – volumes up 6.8 percent to 21.8 million … Continue readingVodka Still King; American Whiskey Revenue Up 7.7%, Study finds
Two months after Stanford University swimmer Brock Turner received a light sentence for sexual assault, university President John L. Hennessy banned distilled spirits on campus. Turner blamed intoxication for his actions in the trial dubbed the “Stanford Rape Case,” horrible PR for the school. And … Continue readingSorry, Stanford, No Bourbon For You