HB 4518 Summary

• Allows license fees to be prorated on a quarterly basis for partial license periods, reversing the previous prohibition on proration.

• Changes license fee language from "shall not be prorated" to "must be prorated on a quarterly basis" for both initial licenses and transfer fees.

• Updates statutory language throughout by replacing "shall" with "must" in sections 525 and 529 for consistency with modern legislative drafting standards.

• Maintains all existing license fee amounts and structure while clarifying that applicants paying fees for partial periods will receive proportional charges based on quarterly calculations.