I move that House Bill 1207 be amended to read as follows:
Page 5, between lines 2 and 3, begin a new paragraph and insert: "I.C. 7.1-3-
1-29 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ
AS FOLLOWS [EFFECTIVE JULY 1, 2004]: Sec. 1 (a) A retail or dealer
permittee may not sell alcoholic beverages for off-remises consumption at a price
lower than the permittee's cost of the beverages unless expressly permitted by rule.
(b) The cost of the beverages shall be determined by the most recent invoice.
(c) A retail or dealer permittee may sell alcoholic beverages for off-premises consumption at a price lower than the permittee's cost of the beverages, subject to the prior approval of the alcohol and tobacco commission and subject to limitations, if the:
(1) wholesaler provides documentation that the product
is no longer manufacturered;
(2) wholesaler provides documentation that the product
will no longer be sold in Indiana; or
(3) retailer provides documentation that the product has
not sold at a price equal to the cost of the beverages."
Renumber all SECTIONS consecutively.
(Reference is to HB 1207 as printed January 27, 2004.)