The bill amends the Unfair Sales Act by updating definitions and creating specific penalties for violations related to the sale of motor fuel. It modifies the definitions of "cost" for both retailers and wholesalers, clarifying the components that contribute to the cost calculation, such as freight charges and taxes. Additionally, it introduces a new definition for "retailer" and "wholesaler," ensuring that these terms encompass all entities engaged in retail and wholesale sales within the state.
Furthermore, the bill establishes penalties for retailers and wholesalers who sell items below cost, with a specific focus on motor fuel. Retailers who violate this provision will face a misdemeanor charge and a fine of up to $500, while those selling motor fuel at a loss will incur a higher penalty of up to $1,000. The act is set to take effect on November 1, 2025.