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February 04, 2008 01:14 PM

Liquor License Bill Advances


A South Dakota Senate committee has approved a measure that would remove limits on the number of on-sale liquor licenses cities and counties can issue.


Supporters say SB126 would encourage economic development by allowing cities and counties to provide licenses to restaurants and other businesses that would boost the local economy.

State law now bases the number of liquor licenses on a community's population, and a shortage in some areas has boosted the cost of licenses on the private market to $250,000 or more.

The bill seeks to protect the value of existing licenses by setting the cost of new licenses at the current market price.
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