Bill

Bill > HB2095


WA HB2095

WA HB2095
Concerning gift certificates as unclaimed property.


summary

Introduced
01/08/2024
In Committee
01/08/2024
Crossed Over
Passed
Dead
04/12/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT Relating to gift certificates as unclaimed property; 2 amending RCW 19.240.005, 63.30.010, and 63.30.280; adding a new 3 section to chapter 63.30 RCW; and creating a new section. 4

AI Summary

This bill amends existing laws to treat gift certificates as unclaimed property in Washington. It requires holders (businesses) to report and deliver abandoned gift certificate balances to the state's unclaimed property program, allowing consumers to claim the funds. The bill exempts small businesses and certain customer loyalty programs from these requirements. The legislation also prohibits predatory practices like expiration dates and fees on gift certificates to protect consumers. The bill applies to gift certificates issued or reloaded on or after July 1, 2024.

Committee Categories

Budget and Finance

Sponsors (19)

Last Action

House Committee on Finance Executive Session (13:30:00 1/18/2024 House Committee on Finance) (on 01/18/2024)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...