Oklahoma legislation · 2026 Regular Session
Oklahoma HB1024: Unfair Sales Act; definition; low profit margins; effective date.
Status: In committee, April 8, 2025
What the bill says
An Act relating to the Unfair Sales Act; amending O.S. 2021, Sections 598.2 and 598.3, which relate to the Unfair Sales Act; modifying definitions; defining terms; modifying provisions related to unreasonably low profit margins; and providing an effective date.
From the engrossed text, March 11, 2025:
An Act relating to the Unfair Sales Act; amending O.S. 2021, Sections 598.2 and 598.3, which relate to the Unfair Sales Act; modifying definitions; defining terms; modifying provisions related to unreasonably low profit margins; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 15 O.S. 2021, Section 598.2, is amended to read as follows: Section 598.2. For the purposes of the Unfair Sales Act: (a) The 1. a. Except as provided for in subparagraph b of this paragraph, the term "cost to the retailer" means the invoice cost of the merchandise to the retailer or the replacement cost of the merchandise to the retailer, whichever is the lower; less all trade discounts except customary discounts for cash; to which shall be added (1) freight charges not otherwise included in ENGR. H. B. NO. 1024 Page the invoice cost or the replacement cost of the merchandise as herein set forth, and (2) cartage to the retail outlet if done or paid for the retailer, which cartage cost, in the absence of proof of a lesser cost, shall be deemed to be three-fourths of one percent (3/4 of 1%) of the cost to the retailer as herein defined after adding thereto freight charges but before adding thereto cartage, and taxes, and (3) …
Sponsors
- Mark Lepak (R, HD-009)
- Cyndi Munson (D, HD-085)
- Forrest Bennett (D, HD-092)
- Mike Osburn (R, HD-081)
- George Burns (R, SD-005)
- Melissa Provenzano (D, HD-079)
- Neil Hays (R, HD-013)
- Chris Banning (R, HD-024)
- Annie Menz (D, HD-045)
- Steve Bashore (R, HD-007) · primary sponsor
Latest actions
- : Coauthored by Representative Provenzano
- : Coauthored by Representative Banning
- : Second Reading referred to Business and Insurance
- : Coauthored by Representative Bennett
- : First Reading
- : Engrossed, signed, to Senate
- : Referred for engrossment
- : Third Reading, Measure passed: Ayes: 89 Nays: 3
- : Coauthored by Representative(s) Burns, Menz, Munson
- : General Order
Votes
- Third Reading (March 10, 2025): 89 yea, 3 nay, passed
- Commerce and Economic Development Oversight Committee (March 4, 2025): 16 yea, 0 nay, passed
- Business Committee (February 24, 2025): 8 yea, 0 nay, passed
Common questions
- What is HB1024?
- HB1024 is a bill in the Oklahoma Legislature (2026 Regular Session): Unfair Sales Act; definition; low profit margins; effective date.
- What does HB1024 do?
- In its own words: An Act relating to the Unfair Sales Act; amending O.S. 2021, Sections 598.2 and 598.3, which relate to the Unfair Sales Act; modifying definitions; defining terms; modifying provisions related to unreasonably low profit margins; and providing an effective date.
- What is the status of HB1024?
- In committee as of April 8, 2025. Latest action: Coauthored by Representative Provenzano (April 8, 2025).
- Who sponsored HB1024?
- Steve Bashore (R, HD-007), with 9 co-sponsors.
- Where is the official record for HB1024?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HB1024&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.