An Act to Clarify the Law Governing the Minimum Indirect Financial Interest Disclosure Requirement for Liquor Licenses
Sponsored By: Craig V. Hickman (Democratic)
Signed by Governor
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Liquor license applicants must disclose 10%
The law requires any liquor license or certificate of approval applicant to list anyone with an indirect financial interest of 10% or more in the applicant. Indirect interest includes options or warrants to buy equity. It also includes rights to payments tied to revenues, profits, or losses, like profit sharing, revenue sharing, or royalties. This is a disclosure step in the licensing process and adds a small paperwork task.
Sponsors & Cosponsors
Sponsor
Craig V. Hickman
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Signed by Governor, ACTPUB Chapter 21
4/11/2025PASSED TO BE ENACTED, in concurrence.
4/8/2025SenatePASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
4/1/2025HouseCONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED.In concurrence. ORDERED SENT FORTHWITH.
3/27/2025HouseReport READ and ACCEPTED.READ ONCEUnder suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED.Ordered sent down forthwith for concurrence.
3/25/2025SenateCARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.
3/21/2025SenateReceived by the Secretary of the Senate on February 20, 2025 and REFERRED to the Committee on VETERANS AND LEGAL AFFAIRS pursuant to Joint Rule 308.2
2/20/2025Senate
Bill Text
Enacted
Introduced
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