Kentucky is one step closer to getting a 4%-plus tax on all alcohol and THC beverages in the state under House Bill 9, formerly House Bill 612.
The bill would impose an additional 4% state regulatory license fee on gross receipts. Essentially, if passed, it would be an extra 4% fee on all alcohol sold in Kentucky, affecting restaurants, bars, liquor stores and convenience stores. A new addition to the bill, since it was filed, also includes the extra 4% fee on THC beverages.
Combined with Kentucky’s 6% sales tax, the consumer would effectively pay 10% on their alcohol purchases. A $100 purchase today would bring you $106 after the 6% sales tax. A $100 purchase under the bill would be $110…