Bill to Eliminate Mandatory Markup on Retail Goods Passes House

OKLAHOMA CITY – Key legislation to eliminate an archaic state law that forces retailers to add a 6% markup to everyday consumer goods is one step closer to the governor’s desk.
The Unfair Sales Act – legislation from Senate Majority Floor Leader Julie Daniels, R-Bartlesville, and House Majority Deputy Floor Leader Steve Bashore, R-Miami – passed the House unanimously on Tuesday, putting the Oklahoma Legislature one step closer to eliminating a relatively unknown price hike on groceries and consumer goods.
Senate Bill 638 repeals the state’s 76-year-old Price Control Act that forces Oklahoma businesses to impose a minimum 6% markup on retail goods like gasoline, groceries, over-the-counter medicines, diapers and other basic necessities.
Daniels said Oklahoma is one of just seven states with a mandatory markup on retail goods because many other states have rescinded similar laws in recent years.
“Repealing this outdated law reinforces the Legislature’s commitment to providing inflation relief for hardworking Oklahomans by putting more money back in their pockets,” Daniels said. “Coming on the heels of eliminating the state grocery tax — the largest tax cut in Oklahoma history — this bill takes another meaningful step toward helping families save on everyday essentials while eliminating an unnecessary government mandate.”
Bashore, whose hometown is just a short drive from Missouri and Kansas, said this legislation encourages Oklahomans to keep their shopping local.
"Forcing Oklahomans to pay 6% more for everyday items is simply unacceptable,” Bashore said. “We want our residents to shop in state for what they need without going to surrounding states where this unfair markup no longer exists. This will ultimately benefit the taxpayer, our local businesses and our overall state economy, and will allow the free market to flourish as intended.
“I am extremely honored to partner with Senator Daniels to make positive change benefiting all Oklahomans. I'm incredibly pleased to have secured passage of this bill in House, especially gaining bipartisan support."
The bill was amended in the House and now returns to the Senate for fourth reading and final passage before being sent to the governor for his consideration of signing it into law.