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Indiana Code Title 24. Trade Regulation § 24-3-3-12

Current as of January 02, 2024 | Updated by FindLaw Staff

Sec. 12. 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.

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Cite this article: FindLaw.com - Indiana Code Title 24. Trade Regulation § 24-3-3-12 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-24-trade-regulation/in-code-sect-24-3-3-12/

Read this complete Indiana Code Title 24. Trade Regulation § 24-3-3-12 on Westlaw

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