SB 5987 Gift Certificates — Key Differences Between Current Law and the Proposal

Summary

Committee slide by Clint McCarthy, January 15, 2024, on key differences between current law and the proposal in SB 5987 on gift certificates. The threshold under which a gift card's remaining balance must be redeemed in cash is five dollars under current law and $50 under the proposal, and on whether issuers must take a remaining balance with another form of payment, and must allow reloads in any amount the bearer chooses, current law says No and the proposal Yes.

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Issuer: Congressional materials
Document type: Report
Date: 2024-01-16
Case: 2024 01 16 A31644 D264606 Scs Clint Mccarthy 5987 Bill Report Slide

Cite this document

“SB 5987 Gift Certificates — Key Differences Between Current Law and the Proposal.” Original at app.leg.wa.gov, dated 2024-01-16. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-01-16-2024-01-16-a31644-d264606-scs-clint-mccarthy-5987-bill-report-slide/, SHA-256 4a5c52057f0fe0a9b21ca85cc61f5b59d2cdb99cf34168c5b8a6e0a2107cd8ba.

Full text

SB 5987
Gift Certificates
                        Business
                    Financial Services
                        Gaming
                            &
Clint McCarthy           Trade
                       Committee
January 15, 2024
Key Differences
Between Current Law and the Proposal in SB 5987

                                                           Current Law   SB 6025

Threshold under which the remaining balance for               $5         $50
gift cards must be redeemed in cash.
Is the issuer of a gift certificate required to take the      No.         Yes
remaining balance of a gift certificate with another
form of payment?
Are issuers required to allow a bearer of a                   No          Yes
reloadable gift certificate in any amount the bearer
chooses (subject to a maximum amount set by the
issuer)?

File and source

File: 2024-01-16_a31644_d264606_scs-clint-mccarthy-5987-bill-report-slide.pdf
Size: 206,874 bytes
SHA-256: 4a5c52057f0fe0a9b21ca85cc61f5b59d2cdb99cf34168c5b8a6e0a2107cd8ba
Our copy: 2024-01-16_a31644_d264606_scs-clint-mccarthy-5987-bill-report-slide.pdf
Original: app.leg.wa.gov