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ID H0524
Bill
Status
3/26/2014
Primary Sponsor
State Affairs Committee
Click for details
AI Summary
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Prohibits brewers from having any financial interest in licensed beer wholesalers or dealers, including ownership or control of real property where they operate, either directly or through affiliates, subsidiaries, or agents.
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Exempts brewers licensed in Idaho that produce fewer than 30,000 barrels annually and are licensed as wholesalers under section 23-1003(f).
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Allows brewers to temporarily finance a replacement wholesaler or dealer for up to 5 years when an existing distributor cannot service a territory or distribution rights are terminated for reasons specified in section 23-1105 (insolvency, loss of licensure, or fraud).
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Permits brewers to have temporary financial interest in a purchasing distributor for up to 5 years when assisting in financing the purchase of voluntary distribution rights transfers.
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Prohibits licensed wholesalers and dealers from having any financial interest in licensed brewers or ownership of brewery real property, except for noncontrolling de minimis interests in publicly traded company stock or mutual funds.
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Declares the act an emergency measure effective upon passage and approval.
Legislative Description
Adds to existing law to provide that it shall be unlawful for a brewer to have a financial interest in the business of a dealer or wholesaler of beer, to provide limited exceptions and to provide that it shall be unlawful for a dealer or wholesaler of beer to have a financial interest in the business of a brewer.
BEER
Last Action
Reported Signed by Governor on March 26, 2014 Session Law Chapter 244 Effective: 03/26/2014
3/26/2014