HB 1024
Unfair Sales Act; definition; low profit margins; effective date.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 1024 seeks to define the ‘Unfair Sales Act’ and establish criteria for determining when a retailer’s profit margins are considered ‘low.’ The bill aims to address situations where sales practices may unfairly disadvantage businesses with limited profit margins. It establishes an effective date for the law’s implementation and is currently under consideration by the Commerce and Economic Development Oversight Committee with proposed amendments.
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