1. (a) The first purchaser shall collect an assessment equal to thirty-five cents ($0.35) per one hundred dollars ($100) of market value.
2. (b) The first purchaser may only impose and collect an assessment on a porcine animal or a pork product once.
3. (c) Only the general assembly may change the rate of the assessment imposed by this section.

4. (d) The first purchaser of a porcine animal or a pork product shall deduct the assessment on the porcine animal or pork product from the money to be paid to the producer or importer based on the sale of the porcine animal or pork product. A first purchaser shall accumulate assessments collected under this section throughout each of the following periods:

   1. (1) January, February, and March.
   2. (2) April, May, and June.
   3. (3) July, August, and September.
   4. (4) October, November, and December.
5. (e) Not more than thirty (30) days after the end of each period, the first purchaser shall remit to the IPPA all assessments collected during the period in a manner prescribed by the IPPA.
6. (f) The assessment on the sale of the porcine animal or pork product must occur at the time of first purchase as the payment for the porcine animal or pork product is received by the producer or importer.

As added by P.L.8-2026, SEC.2.