IC 24-3-3-12 — Tobacco product manufacturers required to become participating manufacturer or place money in qualified escrow fund
Chapter 3. Qualified Escrow Fund for Tobacco Product Manufacturers
Section text
Sec. 12. Any tobacco product manufacturer selling cigarettes to consumers within Indiana (whether directly or through a distributor, retailer, or similar intermediary or intermediaries) after June 30, 1999, shall do one (1) of the following: (1) Become a participating manufacturer (as that term is defined in section II(jj) of the Master Settlement Agreement) and generally perform its financial obligations under the Master Settlement Agreement; or (2) Place into a qualified escrow fund by April 15 of the year following the year in question the following amounts (as such amounts are adjusted for inflation): (A) 1999, $0.0094241 per unit sold after June 30, 1999. (B) 2000, $0.0104712 per unit sold. (C) For each of 2001 and 2002, $0.0136125 per unit sold. (D) For each of 2003 through 2006, $0.0167539 per unit sold. (E) For each of 2007 and each year thereafter, $0.0188482 per unit sold.
As added by P.L.223-1999, SEC.1.
Source: official publisher (2026 edition)