You see the ads–something for sale for a really low price, but only after you mail in a rebate. At the cash register, you pay the full price. The leader of the state senate wants to see a law passed last year that ends that kind of advertising.
Senator Michael Gibbons of Kirkwood hopes the legislature passes a bill next year requiring stores to advertise the price the consumer will pay before the rebate….not the cost after the rebate. Gibbons is not against rebates.But statistics indicate companies offering mail-in rebates make two-billion dollars a year from consumers who don’t mail in the claims…Another problem with rebates—the consumer does not get back the sales taxes paid at the cash register–meaning the merchant pockets those funds.He’ll introduce the bill when pre-filing of legislation starts next week.
Download Bob Priddy’s story (:60 mp[3)
