SB1624 amends the Illinois Liquor Control Act of 1934 to modify bond requirements for liquor manufacturers and importers.
SB1624 amends the Illinois Liquor Control Act of 1934 by changing the bond requirements for liquor manufacturers and importing distributors. The bill exempts first-time applicants for a manufacturer's or importing distributor's license from the bond requirement. It also exempts manufacturers and importers with less than $50,000 in tax liability from the bond requirement. The bill specifies that the Illinois Liquor Control Commission cannot renew a license if the applicant has not filed a satisfactory bond with the Department of Revenue.
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- Legal Framework
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