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OK SB638
Bill
AI Summary
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Amends Oklahoma's Unfair Sales Act to remove the 6% markup requirement from the definition of "cost to the retailer," changing how minimum pricing is calculated for retail merchandise sales
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Creates a new separate penalty for motor fuel violations: retailers or wholesalers who advertise, offer to sell, or sell motor fuel below cost face fines up to $1,000, double the $500 maximum fine for other merchandise violations
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Updates and reorganizes statutory definitions for terms including "cost to the retailer," "cost to the wholesaler," "replacement costs," "retailer," "wholesaler," and retail/wholesale sales
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Violations remain classified as misdemeanors for both general merchandise (up to $500 fine) and motor fuel (up to $1,000 fine)
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Effective date: 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