Whether a statute is classed as a regulatory or revenue-raising statute depends on the:
A) intent of the legislature.
B) enforceability of the contract.
C) flexibility of the license.
D) duration of the license.

Question

Quizplus · Accepted Answer

Whether a statute is classed as regulatory (for the protection of the public) or revenue raising depends on the intent of the legislature. As a general rule, statutes that require proof of character and skill and impose a penalty for violation are considered regulatory. Those that impose a significant license fee and allow anyone who pays the fee to obtain a license are classed as revenue raising.

Whether a Statute Is Classed as a Regulatory or Revenue-Raising