SB 18-138

Senate Bill 18-138 allows certain types of alcohol retailers who have surrendered their licenses within the last two months to sell their remaining inventory directly to another retailer if there is a common owner. This applies to businesses like hotels, restaurants, taverns, and breweries, among others. The bill ensures that all debts are settled before any sales occur and restricts wholesalers from transporting the alcohol between locations. Since it has been signed into law, these provisions are now in effect for eligible retailers.

Official Summary

The bill allows persons with the following retail licenses to purchase alcohol beverages from another retail licensee when there is common ownership between the licensees and the seller has surrendered its license within the last 60 days: Beer and wine; Hotel and restaurant; Tavern; Retail gaming tavern; Brew pub; Club; Arts nonprofit; Racetrack; Vintner's restaurant; Distillery pub; or Lodging and entertainment facility. The seller must return all alcohol beverages bought on credit, allow wholesalers 30 days to purchase back inventory, have paid all wholesale bills, and sell to only one licensed premises. A wholesaler is prohibited from transporting the inventory from the seller's premises to the buyer's premises. The seller may transport the inventory. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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