§ 24-3-3-12 — Tobacco product manufacturers required to become participating manufacturer or place money in qualified escrow fund

Indiana § 24-3-3-12

• Jurisdiction: Indiana
• Art. 3: TOBACCO PRODUCTS
• Ch. 3: Qualified Escrow Fund for Tobacco Product

Text

Any tobacco product manufacturer selling
cigarettes to consumers within Indiana (whether directly or through a
distributor, retailer, or similar intermediary or intermediaries) after
June 30, 1999, shall do one (1) of the following:
(1) Become a participating manufacturer (as that term is defined
in section II(jj) of the Master Settlement Agreement) and
generally perform its financial obligations under the Master
Settlement Agreement; or
(2) Place into a qualified escrow fund by April 15 of the year
following the year in question the following amounts (as such
amounts are adjusted for inflation):
(A) 1999, $0.0094241 per unit sold after June 30, 1999.
(B) 2000, $0.0104712 per unit sold.
(C) For each of 2001 and 2002, $0.0136125 per unit sold.
(D) For each of 2003 through 2006, $0.0167539 per unit sold.
(E) For each of 2007 and each year thereafter, $0.0188482 per
unit sold.

Legislative History

As added by P.L.223-1999, SEC.1.