243.720 Rate of tax.

412 words·~2 min read·/ky/chapter-243/243-720

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)There is levied upon the use, sale, or distribution by sale or gift of distilled

spirits a tax of one dollar and ninety-two cents ($1.92) on each wine gallon of

distilled spirits, and a proportional rate per gallon on all distilled spirits used,

sold, or distributed in any container of more or less than one

(1)gallon, but

the rate of the excise tax on spirits in retail containers of one-half (1/2) pint

shall be twelve cents ($0.12); and

(b)Notwithstanding the provisions of paragraph

(a)of this subsection, distilled

spirits placed in containers for sale at retail, where the distilled spirits

represent six percent (6%) or less of the total volume of the contents of the

containers, shall be taxed at the rate of twenty-five cents ($0.25) per gallon.

(2)There is levied upon the use, sale, or distribution by sale or gift of wine, a tax of

fifty cents ($0.50) on each gallon of wine, and a proportional rate per gallon on the

wine used, sold, or distributed in any container of more or less than one

(1)gallon,

but the tax shall not be less than four cents ($0.04) on the sale or distribution of any

retail container of wine.

(a)There is levied upon the sale or distribution by sale or gift of malt beverages

an excise tax of two dollars and fifty cents ($2.50) on each barrel of thirty-one

(31)gallons and a proportional rate per gallon on malt beverages sold or

distributed in any container of more or less than thirty-one

(31)gallons;

(b)Each brewer producing malt beverages in this state shall be entitled to a credit

of fifty percent (50%) of the tax levied on each barrel of malt beverages sold

in this state, up to three hundred thousand (300,000) barrels per annum.

(4)There is levied upon the use, sale, or distribution by sale or gift of cannabis-infused

beverages a tax of one dollar and ninety-two cents ($1.92) on each gallon of a

cannabis-infused beverage, and a proportional rate per gallon on all cannabis-

infused beverages used, sold, or distributed in any container of more or less than

one

(1)gallon.

(5)This section shall not apply to:

(a)Wine manufactured, sold, given away, or distributed and used solely for

sacramental purposes; or

(b)Distilled spirits and wine purchased by holders of special licenses provided

for in KRS 243.320 and purchased and used in the manner authorized by

those licenses.