SB 1078: Gift certificates: cash redemption.
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2026-09-01
Current Status:
In Progress
(2026-08-30: Assembly amendments concurred in. (Ayes 40. Noes 0.) Ordered to engrossing and enrolling.)
Introduced
In Committee
Awaiting First Chamber Vote
Passed First Chamber
In Committee
Awaiting Second Chamber Vote
Passed Second Chamber
Enacted
Existing law, commencing April 1, 2026, makes a gift certificate with a cash value of less than $15 redeemable in cash for its cash value.
This bill would authorize the issuer of a gift certificate that contains printed language on the certificate stating a cash redemption threshold that is lower than the amount described above to sell the gift certificate until December 31, 2028, if certain requirements are met, including that the gift certificate was manufactured or printed before April 1, 2026, and the issuer of the gift certificate displays at specified point-of-sale devices, a notice stating that a gift certificate with a cash value of less than $15 is redeemable in cash for its cash value, as provided.
Discussed in Hearing
1MINSenate Floor
2MINAssembly Floor
16MINAssembly Standing Committee on Privacy and Consumer Protection
6MINAssembly Standing Committee on Judiciary
3MINSenate Floor
7MINSenate Standing Committee on Revenue and Taxation
11MIN