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Bills · 2023-2024 Regular Session

AB 988

Died at session end Official bill text Atom feed

Relating to: eliminating minimum markup requirements and the prohibition on sales below cost. (FE)

Trade practice

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, 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 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

Introduced by: Allen (R) , Bodden (R) , Brandtjen (R) , Maxey (R) , Michalski (R) , Murphy (R) , Neylon (R) , O'Connor (R) , Penterman (R) , Rettinger (R) , Schmidt (R)

2 cosponsors

Hutton (R) , Stroebel (R)

Full history

  1. Jan 25, 2024 · Assembly

    Introduced by Representatives Maxey, Michalski, Bodden, Allen, Murphy, Neylon, O'Connor, Penterman, Rettinger, Schmidt and Brandtjen; cosponsored by Senators Hutton and Stroebel

  2. Jan 25, 2024 · Assembly

    Read first time and referred to Committee on State Affairs

  3. Jan 30, 2024 · Assembly

    Fiscal estimate received

  4. Apr 15, 2024 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1