Sec. 16. (a) The commission may issue a beer retailer permit, either inside or outside corporate limits, to the proprietor of a race track that:

(1) meets the specifications of rules adopted by the commission; and

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(2) is sanctioned by a nationally chartered and recognized racing organization.

     (b) The scope of a permit issued under this section, including the times during which beer may be sold, shall be set by rules adopted by the commission.

     (c) A permit issued under this section is exempt from IC 7.1-3-21-1 and IC 7.1-3-22-3. The permit is not transferable for ownership or location.

As added by P.L.106-1995, SEC.8.