Bill > SB130

This bill amends Kentucky law to expand protections and criminal penalties related to gift cards by creating new definitions and offenses. The bill first defines several new terms related to gift cards, including defining a "gift card" as a prepaid card that can be redeemed at one or multiple merchants, and introducing concepts like "face value" and "gift card redemption information". It creates a new criminal offense of "gift card tampering", which occurs when someone intentionally manipulates a gift card's packaging or security features to access the card's information without authorization, with the intention of improperly using the funds. This offense is classified as a Class D felony. The bill also modifies existing statutes to include gift cards in provisions about theft and fraudulent use, making it a crime to take a gift card without consent or to obtain gift card information through false pretenses. Penalties for gift card fraud will depend on the monetary value of the card, ranging from misdemeanors to felonies based on the total value of fraudulent transactions over a six-month period. The legislation aims to provide legal tools to prosecute emerging forms of gift card-related financial fraud and protect consumers and merchants.

Business and Industry, Justice

https://apps.legislature.ky.gov/record/25RS/sb130.html