OK HB1024

Amends Oklahoma's Unfair Sales Act (15 O.S. 2021, Sections 598.2 and 598.3) to add a new definition of "unreasonably low profit margin" targeting predatory pricing practices

Defines "unreasonably low profit margin" as pricing goods at cost with an increment intended to eliminate market competition or that actually eliminates competition from other sellers within a reasonable geographic area

Creates a separate cost calculation method for gasoline and diesel fuel retailers that includes invoice/replacement cost, freight charges, cartage (0.75% default), taxes, and a 6% markup for cost of doing business

Expands unfair competition provisions to prohibit selling merchandise at an "unreasonably low profit margin" in addition to selling below cost, when done to induce purchases, divert trade from competitors, or injure competitors

Effective date: November 1, 2025; passed the House of Representatives on March 10, 2025