Bill > SB638

This bill modifies the Unfair Sales Act by updating definitions and penalties related to selling merchandise and motor fuel below cost. The bill revises the definitions of key terms such as "cost to the retailer" and "cost to the wholesaler" by removing a previously included 6% markup provision and restructuring how costs are calculated, including freight charges, cartage, and taxes. The bill also clarifies definitions for retail and wholesale sales, and defines who qualifies as a retailer or wholesaler. Additionally, the bill introduces a specific penalty for retailers and wholesalers who sell motor fuel below cost, establishing a misdemeanor offense with a fine up to $1,000, which is higher than the $500 fine for selling other merchandise below cost. The changes aim to provide more precise language around pricing practices and create a deterrent for selling goods under cost, with a particular emphasis on motor fuel sales. The bill will become effective on November 1, 2025, giving businesses time to adjust to the new regulations.

Business and Industry

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb638&Session=2600