Fuel Pump Inventory Requirement
Dec 06, 2011OUTCOME: In favor of client
Licensees (or hopeful licensees) with fuel pumps at their location know how difficult it can be to meet the requirements of the so-called Meijer Bill (MCL 436.1541). For a location to meet the require ... ment of 436.1541(1)(a)(ii), it is necessary to maintain $250,000 in inventory and that inventory must be “those goods and services customarily marketed by approved types of businesses. In the past, we found that tobacco products (rolling papers) worked well for locations with limited space for inventory. Recently, however, we tried something new – Postage Stamps. Unlike tobacco products, Forever Postage Stamps will increase in value as postage prices increase. Initially, MLCC denied the request, finding that postage stamps were not qualifying inventory. On appeal to the Circuit Court, we successfully demonstrated that such postage stamps are, in fact, qualifying inventory. As the Court determined “postage stamps do constitute goods customarily marketed by approve type business . . .
