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OK SB638

Bill

Status

Passed

5/27/2025

Primary Sponsor

Julie Daniels

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Origin

Senate

2025 Regular Session

AI Summary

  • 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"

  • 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

  • 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

  • Clarifies that items sold as bundled packages or gifts are each subject to cost requirements based on individual pricing rules

  • 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

Committee Referrals

Business4/1/2025
Commerce and Economic Development Oversight4/1/2025
Business and Insurance2/4/2025

Full Bill Text

No bill text available