Plain English Breakdown
Checked against official source text during the last sync.
Grocery Stores Must Post Cost-Plus Pricing Notices
This bill stops grocery stores from using cost-plus pricing without putting up clear signs about it and sets penalties for breaking the rule.
What This Bill Does
- Forbids retail food places from adding extra costs to items sold without first telling people about it.
- Requires these businesses to put up notices inside and outside their entrances if they use a cost-plus pricing formula.
- Makes not following this law a crime with fines or jail time, or both.
- Says that breaking the rule is also an unfair business practice.
Who It Names or Affects
- Retail food stores in Mississippi
- Customers buying groceries
Terms To Know
- Cost-plus pricing formula
- A way of setting prices where the seller adds a fixed amount to the cost price of an item.
- Retail food establishment
- Any place that sells food items directly to customers for personal use.
Limits and Unknowns
- The bill did not pass and was stopped in committee.
- It would have taken effect on July 1, 2026, but since it didn't pass, this date is no longer relevant.