Jack Daniel's distillery targeted for more taxes
NASHVILLE, Tenn. (AP) — Tennessee's Jack Daniel's distillery has celebrated its small hometown of Lynchburg for years with folksy advertising.
Now local officials want to hand the company a bigger bar tab. How does $5 million sound?
A proposal approved by the Moore County Council asks the Tennessee legislature to authorize a local referendum on whether the business should pay that much on a new barrel tax.
If approved, the proposal could be a substantial help to local government, whose annual budget is $3 million. They would get every last drop of the tax, so to speak.
Distillery officials say they already do their civic and fiscal duty, paying $1.5 million annually in local property taxes and helping fund public facilities.