414 - The Problem with Bourbon Taxes and Law with Chad McCoy

Bourbon Pursuit

Hobbies, Food, Arts, Leisure

4.9 • 866 Ratings

🗓️ 15 June 2023

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

What goes hand-in-hand with bourbon? That's law and taxes. Over the past few years we have seen incredible changes to Kentucky's bourbon laws when it comes to vintage spirits, the three-tier system, and the bourbon barrel tax being removed. All of these are done in an effort to make Kentucky's signature industry thrive. There's been one person behind the scenes with all of this, and that is Chad McCoy. Chad is a Former Kentucky State Representative that took care of Bardstown and wanted to see change happen. He dives into how he got into politics and he gives us an idea how many lobbyists there are vying for attention. It's a fantastic episode that covers the political landscape and how it's really hard to make everyone from producers, distributors, and consumers equally happy. Show Notes: Above the Char with Fred Minnick (@fredminnick) talks about bottled-in-bond rye. Where did you grow up and how did you get into politics? At what point did bourbon law become more of a focus? How often would you be hit up by lobbyists? How does a lobbyist influence your decisions? Who presented the vintage spirits law bill and what was the motivation behind it? Is a laser code from a prior year considered vintage? Can you talk about the bill that bypassed distributors so distilleries to can sell bottles at a gift shop? Why are trade bodies against NDPs? Why did you want to get rid of the bourbon barrel tax? How can consumers make a change? Support this podcast on Patreon

Transcript

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0:00.0	At least you're the lawyer that can do it.
0:01.7	We've got to hire out for all that stuff.
0:03.0	So we're just like shelling out checks every week.
0:05.4	Yeah, absolutely.
0:06.0	Find somebody that'll take bourbon and trade and, you know.
0:08.7	Yeah, we got to work on that one.
0:10.6	Yeah.
0:11.5	You open to that?
0:14.8	We can talk.
0:16.8	Yeah, you can choose whatever on the floor over here.
0:21.5	That's opened.
0:22.7	It's already open.
0:44.9	This is Bourbon Pursuit, the official, bringing Bourbon, bringing to you the best in news, reviews, and interviews with people making the bourbon whiskey industry happen.
0:54.2	And I'm one of your hosts, Kenny Coleman. Well, what goes hand in hand with bourbon? You might be thinking cigars, but you're wrong. It's law and taxes. And over the past few years, we have seen incredible changes to Kentucky's bourbon laws when it comes to vintage spirits, the three-tier system, and the bourbon barrel tax finally being removed.
1:04.2	And all of these were done in an effort to make Kentucky's signature industry thrive.
1:08.8	And there's been one person behind the scenes of all this, and that's
1:12.1	Chad McCoy. Chad is a former Kentucky state representative, and he took care of Bardstown, and he
1:17.6	wanted to see change happen. He dives into how he got into politics, and he gives this idea of,
1:22.7	really, how many lobbyists are there vying for attention. It's a fantastic episode that covers the entire political
1:28.5	landscape and how it's really hard to make everyone from producers, distributors, and consumers
1:34.3	equally happy. But with that, enjoy this week's episode, and now here's Fred Minnick with Above the
1:40.4	Char. I'm Fred Minnick, and this is Above the Char.
	...

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