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Rep. Snyder, retailers say bill would remove $250,000 inventory rule that ties up cash for gas-station liquor licenses
Summary
House Bill 4276, presented to the Regulatory Reform Committee, would eliminate a $250,000 inventory requirement that currently applies to certain license holders who sell motor fuel; sponsors and industry witnesses said the rule forces some gas‑station retailers to tie up large sums in items such as postage stamps to satisfy inventory checks.
Representative Snyder and industry witnesses told the Michigan House Regulatory Reform Committee that House Bill 4276 would eliminate an inventory requirement that single out motor fuel retailers seeking specially designated distributor (SDD) licenses to sell spirits, a rule witnesses described as an unfair barrier to small retailers.
Snyder said the requirement forces some retailers to hold a separate $250,000 stock of nonfuel, nonalcohol inventory to satisfy licensing checks. “This legislation would simply eliminate this inventory requirement. It is nothing more than an unnecessary bureaucratic red tape that doesn't serve a public good,” Snyder said.
Mark Griffin of the Michigan Petroleum Association and the Michigan Association…
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