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Governor backs House Bill 101024 to remove mandatory 6% markup on certain goods
Summary
The governor said he supports House Bill 101024, sponsored by Representative Bayshore, which would eliminate a mandatory 6% markup on some goods and let market pricing prevail.
At a weekly availability press conference the governor said he supports House Bill 101024, introduced by Representative Bayshore, that would eliminate a mandatory 6% markup on certain goods and allow sellers to set lower or higher markups.
The governor framed the bill as a market-oriented change, saying it lets consumers and businesses “let the market dictate whether consumers are gonna buy that product.” He described the existing mandatory 6% markup as unnecessary and said companies should be free to mark up goods by different percentages.
The governor did not provide bill text or specify which goods would be affected during the exchange recorded in the transcript. No committee action or implementation details were discussed during the press conference.
