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2014 SESSION
HB 192 Precious metals dealers; chief law-enforcement officer may waive permit fee for retail merchants.
Introduced by: J. Randall Minchew | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Precious metals dealers; waiver of permit for certain merchants. Allows the chief law-enforcement officer to waive the permit fee for retail merchants that are not required to be licensed as pawnbrokers, provided (i) the retail merchant has a permanent place of business and (ii) the purchases of precious metals or gems do not exceed five percent of the retail merchant's total business revenue. This bill is identical to SB 95.
SUMMARY AS INTRODUCED:
Precious metals dealers; retail merchants; exemption. Exempts purchases of precious metals or gems by a retail merchant from the statutory requirements of precious metals dealers, provided (i) the retail merchant has a permanent place of business and (ii) the purchases of precious metals or gems do not exceed five percent of the retail merchant's total business revenue.