Gift certificates.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill changes California’s rules about gift certificates. Currently, gift certificates with a value under $10 can be redeemed for cash. This bill increases that threshold to $15, meaning gift certificates with a value of less than $15 can be redeemed for cash. It also expands the definition of ‘gift certificate’ to include electronic gift cards and makes some changes to how dormancy fees are handled.
Key provisions
- Gift certificates with a value of less than $15 can be redeemed for cash.
- The definition of ‘gift certificate’ now includes electronic gift cards.
- Dormancy fees on gift cards are subject to stricter disclosure requirements.
- Gift certificates donated to nonprofits or sold at volume discounts to employers or charities are exempt from certain redemption rules.
- A disclaimer regarding California law’s restrictions on cash redemption must be included on gift certificates donated to nonprofits.
Who is affected
- Consumers who purchase gift certificates
- Businesses that sell or issue gift certificates
- Nonprofit organizations
- Charitable organizations
- Employers
Notable changes
- Increased the cash redemption threshold for gift certificates from $10 to $15.
- Expanded the definition of ‘gift certificate’ to include electronic gift cards.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours