Illinois General Assembly - Bill Status for HB6556

Creates the Motor Fuel Fair Marketing Practices Act. Provides protection against predatory pricing and fuel price gouging in the retail motor fuel industry. Prohibits the sale of motor fuel below the point that the retailer earns a 6% gross margin on the pump price, unless the retailer can demonstrate that the motor fuel was not sold below cost. Prohibits the sale of motor fuel, following times of national disaster or State emergency, that is above the point that the retailer earns a gross margin on the price of 6% plus 19 cents per gallon above the retailer's actual costs of selling motor fuel. Prohibits government subsidies for the development of motor fuel facilities and facilities with motor fuel when the facilities are in the same market area as existing motor fuel facilities. Establishes the Motor Fuel Cost Review Board. Provides for a complaint handling process, permitting the Department of Revenue or the Attorney General to investigate and take action against retailers of motor fuel engaged in violations of fuel price gouging and for repeated offenses of below cost selling. Provides for a private right of action between retailers. Provides that persons engaged in commerce with the State who sell or offer to sell motor fuel shall maintain records accurately indicating the date and the time of day of each change in the sale price of motor fuel and the identity of the person who recorded the price change. Provides that the Illinois Department of Revenue shall have certain powers and duties to investigate and enforce the provisions of the Act. Provides that information obtained by the Department of Revenue, the Attorney General, or the State's Attorney in the course of an investigation under the Act, including information from a person who responds to the investigation and designates the information as confidential, must be maintained as confidential until the investigation is completed and a course of action is determined.

×