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Tennessee ABC Defers Decision on New Payment Rule for Restaurants and Bars
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Tennessee ABC Defers Decision on New Payment Rule for Restaurants and Bars

07.22.14
The death of the 10 day payment law for liquor purchases by restaurants and bars in Tennessee officially has an afterlife.  Zombie or Angel, the issue was on today's July 22, 2014 agenda of the Tennessee Alcoholic Beverage Commission.

During the eleventh hour of the 2014 legislative session, the long-standing 10 day credit rule was eliminated for on-premise liquor license holders.  We blogged about it here.

Elimination of the 10 day credit rule came as a surprise to the restaurant and hotel industry.  Conjures up the Gap Band's classic 1982 hit:

You dropped a bomb on me, baby 
You dropped a bomb on me
 
The change has led to a host of problems for on-premise liquor license holders.  Fortunately, the ABC issued informal rules at the April 2014 meeting.  But there are issues with the informal rules.

We raised a few of the issues at today's ABC meeting, and were joined by legal counsel to the Tennessee hospitality association and legal counsel to the wholesalers' association.

Unfortunately, Commissioner Jones could not attend the meeting.  The issues were deferred until the August meeting on August 26, 2014 at 1:30 pm CDT.

Stay tuned as we cover this important issue.

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