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 how costs are calculated by including invoice costs, replacement costs, freight charges, and taxes. Additionally, the bill introduces new definitions 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, categorizing such actions as misdemeanors. Specifically, it sets a fine of up to $500 for general violations and increases the penalty to a maximum of $1,000 for violations involving the sale of motor fuel. The changes aim to strengthen the enforcement of fair pricing practices in the state, with the new provisions set to take effect on November 1, 2025.