Claremore Daily Progress

Business

May 15, 2013

Senate OKs bill on 'Black Friday' sales

OKLAHOMA CITY —

A bill designed to make low-price retail events like "Black Friday" sales legal in Oklahoma has been approved by the Oklahoma Senate.

The Senate voted 29-16 Wednesday for the Unfair Sales Act by Oklahoma City Republican Sen. David Holt.

Holt says under a current law originally enacted in 1941, retailers in Oklahoma must sell products for at least 6 percent more than they paid for it. A recent attorney general's opinion confirmed that "Black Friday" and other low-price sales events are illegal, even if they are temporary.

The 6 percent markup still would apply to several items that are exempted from the bill, including prescription drugs, fuel, food and nonalcoholic beverages, baby supplies and building materials.

The measure now heads to the House.

 

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