Gift Card Survey - GA |
Gift Card Proposed Legislation
The Washington state Legislature has recently introduced 2 bills that change requirements related to gift cards. The bills will:
- Require Businesses to provide cash refund for unspent gift cards below $50
- Require businesses to collect consumer data at point of sale when gift cards are sold
- Forward unspent gift card balances and consumer data to the state as Unclaimed Property after 3 years
- Monetize any rewards points or offerings and forward to the state as unclaimed property along with gift cards
- Continue to honor gift cards forever, despite forwarding funds to the state
- Require businesses to apply for a credit from the state if/when gift cards are used after they've been forwarded as unclaimed property
We are requesting additional information so we can respond to this legislation. Your information will be kept confidential unless you give us permission to share with lawmakers.