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OK HB1522

Bill

Official Source

Status

Introduced

2/7/2011

Primary Sponsor

Jadine Nollan

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Amends 15 O.S. 2001, Section 598.6 to expand exemptions from Oklahoma's prohibition on selling merchandise below cost
  • Adds a new exemption (item 9) permitting sales of merchandise as part of a bona fide promotional event if advertised, marked and sold as such
  • Renumbers existing exemptions from lettered format (a-h) to numbered format (1-8)
  • Effective date: November 1, 2011
  • Allows retailers greater flexibility in conducting promotional sales without violating below-cost sales prohibitions

Legislative Description

Contracts; providing exemption to general prohibition of sales below cost; effective date.

Business and Economic Development

Last Action

Second Reading referred to Economic Development, Tourism and Financial Services

2/8/2011

Committee Referrals

Economic Development, Tourism and Financial Services2/8/2011

Full Bill Text

No bill text available