Unfair Sales Act; definition; low profit margins; effective date.
HB 1024 amends Oklahoma's Unfair Sales Act by removing the requirement for retailers to include a 6% markup when calculating "cost to the retailer" for pricing purposes. This change directly affects retailers and wholesalers operating in Oklahoma, simplifying how they determine base costs for goods. The bill deletes specific language about adding a 6% markup to cover business costs, streamlining the definition of "cost to the retailer" in the statute. The amendment takes effect on November 1, 2025.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Feb 3, 2025
Last action Apr 8, 2025
Maddy AI version diff · 5 comparisons
What changed between versions
House Committee Substitute
→
Floor (House)
·
1 edit
MINOR
The bill text was reformatted to reflect its progression from House Committee Substitute to Floor version, with minor spacing adjustments and page header updates. No substantive policy changes were made to the Unfair Sales Act provisions.
TECHNICAL
Page headers and formatting were updated to reflect Floor version status with new page numbering and committee amendment notation.
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
18
Key actions
4
Committee
4
Mar 11, 2025
Introduced
First Reading
upper
Mar 11, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 10, 2025
Committee
Referred for engrossment
lower
Mar 10, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 89 Nays: 3
lower
Mar 4, 2025
Lower · Passed
CR; Do Pass, amended by committee substitute Commerce and Economic Development Oversight Committee
lower
Feb 25, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass, amended by committee substitute Business
lower
Feb 4, 2025
Committee
Referred to Business
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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