IN HB1533

Requires the attorney general to enter into a memorandum of understanding with an entity to implement a statewide electronic pseudoephedrine (PSE) tracking system at no cost to retailers or law enforcement agencies

Mandates retailers to electronically transmit purchaser name, address, product name, and amount to the PSE tracking system before completing any ephedrine or pseudoephedrine sale

Establishes a "stop sale alert" system that prevents completion of transactions that would cause purchasers to exceed state or federal quantity limits (currently 3.6 grams per day or 9 grams per 30-day period)

Requires retailers to begin using the PSE tracking system within 180 days after the attorney general enters into the memorandum of understanding, with an effective date of January 1, 2012

Directs the state police department to submit a report to the legislative council by June 30, 2014, on the effectiveness of PSE tracking in reducing illicit methamphetamine production