Statement of Authority, Basis, Purpose, and Fiscal Impact

Statement of Authority, Basis, Purpose, and Fiscal Impact for Proposed Amendment to 1 CCR 203-2

Statutory Authority: 12-47-202, C.R.S.; 12-47-409, C.R.S.; 12-47-411, C.R.S.; 12-47-412, C.R.S.; 12-47-415, C.R.S.; 12-47-416, C.R.S.; 12-47-417, C.R.S.; 12-47-418, C.R.S.; 12-47-420, C.R.S.

Basis and Purpose: To modify Regulation 47-408 to conform with House Bill 12- 1270.

Fiscal Impact: This rule change has no fiscal impact.

Public Comment: Submit written comments to [email protected]

Regulation 47-408. Purchases by Retailers.

A. Every person or entity licensed under the Colorado Liquor or Beer Codes to sell at retail shall purchase all alcohol beverage stock, for the operation of its business, from a person or entity licensed to sell at wholesale pursuant to article 46 or 47 of title 12, C.R.S., except that:

1. A retailer licensed for on-premises consumption only, may purchase not more than five hundred TWO THOUSAND dollars' worth of such alcohol beverages during a calendar year from a retail liquor store or a liquor-licensed drugstore. A hotel and restaurant licensee may purchase up to one thousand dollars’ worth of alcohol beverages during a calendar year from a retail liquor store or a liquor-licensed drugstore.