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IN SB0396
Bill
Status
1/12/2016
Primary Sponsor
Ryan Mishler
Click for details
AI Summary
Senate Bill No. 396 Summary
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Amends IC 7.1-3-18.5-3 to remove the requirement that tobacco sales certificates are nontransferable, allowing them to be transferred to subsequent owners of retail tobacco stores.
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Adds new section IC 7.1-3-18.5-6.5 establishing that valid tobacco sales certificates held by retail tobacco stores are transferable to subsequent owners.
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Amends IC 7.1-5-12-5 to reference the new transferability provision and clarify that tobacco sales certificates issued under IC 7.1-3-18.5 are transferable to subsequent retail tobacco store owners.
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Effective July 1, 2016.
Legislative Description
Tobacco sales certificate transferability. Provides that a valid tobacco sales certificate held by a retail tobacco store is transferable to subsequent owners of the retail tobacco store.
Last Action
First reading: referred to Committee on Public Policy
1/12/2016