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Bills · 2015-2016 Regular Session

SB 371

Died at session end Official bill text Atom feed

Relating to: the minimum price of merchandise sold at wholesale or retail. (FE)

Trade practice

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill repeals the Unfair Sales Act, also called the minimum markup law,

which prohibits wholesale and retail sales of merchandise at a price below the cost

of the merchandise to the seller. For motor vehicle fuels, tobacco products, and

alcoholic beverages, the Unfair Sales Act includes formulas for calculating the cost

to the seller that add minimum markups from 3 to 9.18 percent to cover a portion of

the seller's cost of doing business.

Sponsors

Introduced by: Darling (R) , Nass (R) , Stroebel (R) , Vukmir (R)

12 cosponsors

Allen (R) , Brandtjen (R) , Craig (R) , Hutton (R) , J. Ott (R) , Jacque (R) , Kleefisch (R) , Kooyenga (R) , Kremer (R) , Murphy (R) , Petersen (R) , Skowronski (R)

Full history

  1. Nov 6, 2015 · Senate

    Introduced by Senators Vukmir, Darling, Nass and Stroebel; cosponsored by Representatives J. Ott, Murphy, Brandtjen, Craig, Hutton, Jacque, Kleefisch, Kooyenga, Kremer, Petersen, Skowronski and Allen

  2. Nov 6, 2015 · Senate

    Read first time and referred to Committee on Economic Development and Commerce

  3. Apr 13, 2016 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1