___________________ moved that HB 1200 be amended as follows:
" Section 5. That § 35-4-120 be repealed.
35-4-120. Upon the adoption of an ordinance pursuant to § 35-4-111, any person who purchased
an on-sale license issued pursuant to subdivision 35-4-2(4) or (6) between January 1, 2003, and
January 1, 2008, and who owned the license on January 1, 2008, shall report to the municipality or
county that issued the license the amount paid for the license. If the municipality or county that
issued the on-sale license adopts an ordinance pursuant to § 35-4-111, and requests from any other
licensee the amount originally paid for any other on-sale license pursuant to § 35-4-117, the licensee
shall report that amount to the municipality or county. The declared purchase price shall be made
under oath and shall include the documents establishing the amount paid for the on-sale license. If
the transaction included other personal property or real property, the full market value of such
property on the date of the transaction shall be deducted from the total purchase price to establish
the amount paid for the license. The person who owned the license on January 1, 2008, has the
burden of establishing the amount paid for the license. If the amount reported is used to determine
current fair market value pursuant to § 35-4-117, any licensee who contends that the amount does
not accurately reflect the fair market value of the license on the date of purchase may file an
objection to the report. The objection shall be filed with the municipality or county within thirty days
of the date the license fee is set pursuant to § 35-4-116. If an objection is filed, the governing board
of the municipality or county shall conduct a hearing to determine the fair market value of the
license. The determination of the governing board may be appealed to circuit court. ".