“We’ve drafted the legislation to include all gift certificates and gift cards,” explained Senator Cappiello. “I have seen some gift cards which expire only six months to a year after they are issued, while others decrease in value after a predetermined amount of time. Those who buy or receive gift certificates ought to have a more extended period during which to make their purchases without fear of the gift card losing its value.”

In addition to eliminating all expiration dates on gift cards, this legislation also would strike out the escheat provisions that had been in effect. Current law requires that money spent on gift certificates that go unclaimed after three years be returned to the Office of the State Treasurer by the businesses that issued them.

“This legislation will protect consumers,” said Rep. Carson. “The bill is a direct response to constituents who experienced problems with a restaurant gift certificate that had expired. Most people who receive gift certificates don’t look for an expiration date. I’m hopeful we will be able to pass this into law during the current Legislative Session.”