Indiana Code 24-3-5-0.2. “Cigarette manufacturer”
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Sec. 0.2. As used in this chapter, “cigarette manufacturer” means a person or an entity that does the following:
(2) Does one (1) of the following:
(1) Manufactures cigarettes.
Terms Used In Indiana Code 24-3-5-0.2
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(A) Participates in the Master Settlement Agreement (as defined in IC 24-3-3-6) and performs the person’s or entity’s financial obligations under the Master Settlement Agreement.
(B) Places the applicable amount into a qualified escrow fund (as defined in IC 24-3-3-7).
(3) Pays all applicable taxes under IC 6-7-1.
As added by P.L.160-2005, SEC.2.