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Liquor agents push for stronger business-loss compensation in HB 2123, cite privatization risk
Summary
Owners of Oregon contract liquor stores testified in support of House Bill 2123, which would change the formula for business-loss compensation if the state control system were altered. Witnesses said the bill is intended as an insurance policy that would apply only in the event of privatization and argued current buyout rules do not reflect the …
Owners and representatives of Oregon state-contracted liquor stores urged support Feb. 5 for House Bill 2123, which changes how business-loss compensation would be calculated if the state's control system were altered.
Committee staff summarized HB 2123 as directing the Oregon Liquor and Cannabis Commission (OLCC) to determine a formula for calculating compensation for stores that have operated at least five years and changing the compensation for stores that have operated less than five years from 4% to 10% of average annual gross distilled-liquor sales in the five years preceding the change. Staff said the change would apply only if there is a change to the state’s current…
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