Sec. 16. (a) The commission may issue a beer retailer permit, either inside or outside corporate limits, to the proprietor of a race track that: (1) meets the specifications of rules adopted by the commission; and (2) is sanctioned by a nationally chartered and recognized racing organization. (b) The scope of a permit issued under this section, including the times during which beer may be sold, shall be set by rules adopted by the commission. (c) A permit issued under this section is exempt from IC 7.1-3-21-1 and IC 7.1-3-22-3. The permit is not transferable for ownership or location. As added by P.L.106-1995, SEC.8.