Bill > HB752

This bill clarifies how the value of a gift card is determined for theft and fraud crimes, defining both "closed-loop gift card" (redeemable at a single merchant or affiliated group) and "open-loop gift card" (redeemable at multiple unaffiliated merchants, like those branded with a payment network). The value of a gift card for legal purposes will now be the highest value listed on the card or its packaging, or $100 if no value is listed, rather than the value a defendant claimed or the actual loss incurred. Additionally, the bill makes it a misdemeanor, punishable by up to 18 months in jail or a $500 fine, to intentionally alter or tamper with a gift card or its packaging with the intent to defraud someone.