California SB1078 allows gift certificates with lower cash redemption thresholds to be sold until 2028.

California SB1078 modifies the Civil Code to allow gift certificates with lower cash redemption thresholds to be sold until December 31, 2028. The bill exempts issuers from penalties if the gift certificate contains printed language stating a lower threshold. It requires issuers to display a notice in at least 24-point font stating that certificates with a cash value of less than fifteen dollars are redeemable in cash. The bill also mandates that issuers maintain records of the manufacture or print date of the gift certificates.

California SB1078 allows gift certificates with lower cash redemption thresholds to be sold until 2028.

California SB1078 modifies the Civil Code to allow gift certificates with lower cash redemption thresholds to be sold until December 31, 2028. The bill exempts issuers from penalties if the gift certificate contains printed language stating a lower threshold. It requires issuers to display a notice in at least 24-point font stating that certificates with a cash value of less than fifteen dollars are redeemable in cash. The bill also mandates that issuers maintain records of the manufacture or print date of the gift certificates.