Florida Senate - 2015 SB 1560 By Senator Latvala 20-01243A-15 20151560__ 1 A bill to be entitled 2 An act relating to financial aid and assistance to a 3 vendor of beverages; amending s. 561.42, F.S.; 4 exempting certain financial transactions from 5 application of certain tied house evil provisions; 6 providing an effective date. 7 8 Be It Enacted by the Legislature of the State of Florida: 9 10 Section 1. Subsection (15) is added to section 561.42, 11 Florida Statutes, to read: 12 561.42 Tied house evil; financial aid and assistance to 13 vendor by manufacturer, distributor, importer, primary American 14 source of supply, brand owner or registrant, or any broker, 15 sales agent, or sales person thereof, prohibited; procedure for 16 enforcement; exception.— 17 (15) This section does not apply to a financial transaction 18 negotiated at arm’s length and for fair market value between a 19 manufacturer of beer or malt beverages as defined in s. 563.01 20 and a vendor licensed under the Beverage Law, provided that the 21 total gross revenues of such licensed vendor and its affiliates 22 from all sources for the year preceding the year in which such 23 transaction occurs are in excess of $100 million and provided 24 that such financial transaction does not involve, in whole or in 25 part, the direct sale or distribution of such beverages between 26 the manufacturer and the licensed vendor. 27 Section 2. This act shall take effect July 1, 2015.