Bills · 2019-2020 Regular Session
Relating to: eliminating minimum markup requirements and the prohibition on sales below cost. (FE)
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- 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 known as the “minimum markup”
law.
This state's Unfair Sales Act 1) prohibits below-cost sales of any merchandise,
if the sale is intended to induce the purchase of other merchandise or divert trade
unfairly from a competitor; and 2) requires a “minimum markup” (a specified amount
over the cost of the merchandise to the seller) to be added to sales of motor vehicle
fuel, tobacco products, fermented malt beverages, liquor, or wine.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Apr 9, 2019 · Assembly
Introduced by Representatives Ott, Sortwell, Neylon, Brandtjen, Duchow, Kuglitsch and Hutton; cosponsored by Senators Stroebel, Craig, Kooyenga, Carpenter, Kapenga, Bernier, Jacque and Darling
- Apr 9, 2019 · Assembly
Read first time and referred to Committee on Consumer Protection
- Apr 22, 2019 · Assembly
Fiscal estimate received
- Apr 1, 2020 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1