The formula for calculation of licensing months for initial licenses shall be as follows:

1. (a) If B-Month is less than C-Month, the license fee shall be calculated as follows:

   1. (1) The D-Month shall equal the C-Month minus B-Month plus one;
   2. (2) If D-Month is less than 9, the license months shall equal 12 minus D-Month; and
   3. (3) If D-Month is greater than or equal to 9, the license months shall equal 24 minus D-Month.

2. (b) If B-Month is greater than or equal to C-Month, the license fee shall be calculated as follows:

   1. (1) The D-Month shall equal the B-Month minus C-Month minus one;
   2. (2) If D-Month is less than 4, the license months shall equal 12 plus D-Month; and
   3. (3) If D-Month is greater than or equal to 4, the license months shall equal D-Month.
3. (c) Licenses, except for seasonal, supplemental, state fair, special, beer festival, or one day licenses shall be issued for periods of at least 4 months, but shall not exceed 15 months as determined by the formula in Liq 703.04(a) and (b).

Source. (See Revision Notes #1 and #2 at chapter heading for Liq 700) #13114, eff 9-25-20