A price label or tag permanently imprinted on or affixed to consumer property or its container by the manufacturer or supplier ("preticketed price") and not under control of the retail seller or instigated by him or her or that is required to be attached to consumer property under federal law, need not be covered, obliterated, or removed for purposes of compliance with this statute, unless that item was actually sold at that labeled price in not insubstantial quantities on a substantial basis:
(1) When the retail seller's current offering price is attached to, printed on, or placed on a label, tag, or sign accompanying the consumer property, provided no price comparison is made by the retail seller based solely on the manufacturer's price thereon unless the comparison would be valid based on past sales records; or
(2) When the retail seller's original offering price attached to, printed on, or placed on a label, tag, or sign accompanying the consumer property, is identical to the preticketed price.
History of Section.
P.L. 1992, ch. 408, § 1; P.L. 2014, ch. 528, § 11.