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Bills · 2023-2024 Regular Session

SB 888

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 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 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: Hutton (R) , Stroebel (R)

11 cosponsors

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

Full history

  1. Jan 5, 2024 · Senate

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

  2. Jan 5, 2024 · Senate

    Read first time and referred to Committee on Shared Revenue, Elections and Consumer Protection

  3. Jan 10, 2024 · Senate

    Representative Brandtjen added as a cosponsor

  4. Jan 29, 2024 · Senate

    Fiscal estimate received

  5. Apr 15, 2024 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1