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.
    8  Be It Enacted by the Legislature of the State of Florida:
   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.