An Act updating the unit pricing exemption threshold

This bill would increase the exemption for unit pricing requirements that exists for small format food stores. Unit pricing requirements allow consumers to compare products so that they can make informed decisions about food purchases. However, the need to comparison shop does not really apply when shopping in a convenience store because there is generally only one type of product offered. 

Because of inflation, the unit pricing exemption language that was adopted in 2004 to exempt retail establishments with a sales volume of less than $5 million per year of in-store sales is close to being obsolete. The law that was passed in 2004 provided a common-sense modification to small businesses that saves them money and time. However, more than 20 years later, these convenience stores are in jeopardy of losing the exemption because inflation has eroded the value of the revenue threshold over time. Without this exemption, small format retailers will be forced to go through the expense and inconvenience of re-implementing unit pricing in their stores.