Sec. 3.5. (a) This section only applies to a retailer or dealer permit that is deposited with the commission before July 1, 2019.

     (b) A permittee to whom a retailer or dealer permit has been issued under this title may deposit that permit with the commission for a period of one (1) year if the permittee is unable to immediately operate the business to which the permit applies. Subject to subsections (d) through (f), the commission may extend the term of the deposit under IC 7.1-3-1.1.

     (c) This subsection applies to a permit that is deposited with the commission before July 1, 2016. The permit reverts to the commission if the permit is not active before July 1, 2020.

     (d) This subsection applies to a permit that is deposited with the commission after June 30, 2016, and before July 1, 2017. The permit reverts to the commission if the permit is not active before July 1, 2021.

     (e) This subsection applies to a permit that is deposited with the commission after June 30, 2017, and before July 1, 2018. The permit reverts to the commission if the permit is not active before July 1, 2022.

     (f) This subsection applies to a permit that is deposited with the commission after June 30, 2018, and before July 1, 2019. The permit reverts to the commission if the permit is not active before July 1, 2023.

     (g) This section expires July 1, 2024.

As added by Acts 1982, P.L.69, SEC.6. Amended by P.L.250-2003, SEC.8; P.L.285-2019, SEC.11; P.L.194-2021, SEC.23.