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OK SB638
Bill
AI Summary
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Reorganizes and clarifies definitions in the Unfair Sales Act by consolidating numbered definitions (1-7) for "cost to the retailer," "cost to the wholesaler," "replacement costs," "sell at retail," "sell at wholesale," "retailer," and "wholesaler"
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Maintains existing cost calculation methods including invoice cost, replacement cost, freight charges, cartage (3/4 of 1%), and a 6% markup for retailers to cover business operating costs
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Creates separate penalty structure for motor fuel violations: retailers and wholesalers who sell motor fuel below cost face fines up to $1,000.00, compared to the standard $500.00 fine for other merchandise violations
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Clarifies that items sold as bundled packages or gifts are each subject to cost requirements based on individual pricing rules
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Effective date is November 1, 2025
Legislative Description
Unfair Sales Act; modifying definitions; violations of act; penalty for retailers who violate act when selling motor fuel. Effective date.
Last Action
Approved by Governor 05/22/2025
5/27/2025