Indiana Code 7.1-1-3-3.5. “Advertising specialty”
Current as of: 2023 | Check for updates
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Sec. 3.5. “Advertising specialty” means an item having a fair market value of:
(2) more than one thousand dollars ($1,000) with the prior written approval of the commission;
(1) not more than one thousand dollars ($1,000); or
Terms Used In Indiana Code 7.1-1-3-3.5
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
that is designed to be used within a retailer or dealer establishment to attract consumer attention to the products of a manufacturer. The term includes items such as posters, placards, designs, inside signs (electric, mechanical, or otherwise), window decorations, trays, coasters, mats, menu cards, meal checks, paper napkins, foam scrapers, back bar mats, thermometers, clocks, calendars, and alcoholic beverage lists or menus. An advertising specialty must bear conspicuous and substantial advertising matter about the product or the manufacturer or wholesaler that is permanently inscribed or securely affixed.
As added by P.L.270-2017, SEC.1.