CaliforniaBusinesses may sell older gift certificates through 2028
Businesses may sell certain older gift certificates through December 31, 2028, if they post notices explaining the cash redemption rule for certificates worth less than $15.
What it does
Businesses may sell certain older gift certificates with a printed cash-redemption threshold lower than the amount required by law through December 31, 2028. They must post a notice and keep records showing when the certificates were made or printed.
Argument forBusinesses may be able to sell older printed certificates through 2028 instead of discarding them, if they post the notice and keep records.
Argument againstShoppers might be confused if a certificate shows a lower cash-redemption threshold than the notice says applies to certificates worth less than $15.
More detail
Issuers may sell certain older gift certificates with a printed cash-redemption threshold lower than the amount required by law. This applies to certificates made or printed before April 1, 2026, that state a cash-redemption threshold lower than the amount required by law. At every device where certificates can be bought, loaded with value, or redeemed for cash, the issuer must display a notice in at least 24-point font. It must say that a certificate with a cash value below $15 can be redeemed for that value. The issuer must keep ordinary business records that reasonably show when each certificate was made or printed. The certificates must have been made or printed before April 1, 2026. Issuers may sell them under these rules until December 31, 2028.
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Where it stands
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Sep 20Chaptered by Secretary of State. Chapter 420, Statutes of 2026.Latest
- Sep 20Approved by the Governor Gavin Newsom.Became Law
- Sep 8Enrolled and presented to the Governor at 4 p.m.To Governor
- Aug 30Assembly amendments concurred in. (Ayes 40. Noes 0.) Ordered to engrossing and enrolling.Major
- Vote recorded Unfinished Business SB1078 Laird et al. Concurrence. Result: pass.Upper
- Aug 28In Senate. Concurrence in Assembly amendments pending.
- Vote recorded SB 1078 Laird Senate Third Reading By Pellerin. Result: pass.Lower
- Aug 28Read third time. Passed. (Ayes 77. Noes 0. Page 6776.) Ordered to the Senate.Passed Assembly
- Aug 27Read second time. Ordered to third reading.Minor
- Vote recorded Do pass. Result: pass.Lower
- Aug 27From committee: Do pass. (Ayes 10. Noes 0.) (August 27).Minor
- Aug 24Re-referred to Com. on P. & C.P. pursuant to Assembly Rule 77.2.Minor
- Aug 21Ordered to third reading.Minor
- Aug 21Read third time and amended.Major
- Aug 21Assembly Rule 69(b)(1) suspended. (Ayes 55. Noes 17. Page 6296.)
- Aug 13Read second time. Ordered to third reading.Minor
- Vote recorded Do pass. Result: pass.Lower
- Aug 13From committee: Do pass. (Ayes 11. Noes 4.) (August 13).Minor
- Aug 13Assembly Rule 63 suspended.
- Aug 5August 5 set for first hearing. Placed on suspense file.
- Jun 23From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 3.) (June 23). Re-referred to Com. on APPR.Minor
- Vote recorded Do pass and be re-referred to the Committee on [Appropriations]. Result: pass.Lower
- Jun 15Re-referred to Com. on JUD. pursuant to Assembly Rule 96.Minor
- Jun 10From committee with author's amendments. Read second time and amended. Re-referred to Com. on L. GOV.Major
- May 4Referred to Coms. on L. GOV. and REV. & TAX.Minor
- Apr 16In Assembly. Read first time. Held at Desk.Minor
- Vote recorded 3rd Reading SB1078 Laird et al. Urgency Clause. Result: pass.Upper
- Apr 16Read third time. Urgency clause adopted. Passed. (Ayes 29. Noes 9. Page 3916.) Ordered to the Assembly.Passed Senate
- Apr 9Read second time. Ordered to third reading.Minor
- Apr 8From committee: Do pass. (Ayes 4. Noes 1. Page 3795.) (April 8).Minor
- Vote recorded Do pass. Result: pass.Upper
- Mar 25Set for hearing April 8.
- Mar 18From committee: Do pass and re-refer to Com. on REV. & TAX. (Ayes 5. Noes 2. Page 3601.) (March 18). Re-referred to Com. on REV. & TAX.Minor
- Vote recorded Do pass, but first be re-referred to the Committee on [Revenue and Taxation]. Result: pass.Upper
- Mar 5Set for hearing March 18.
- Feb 26Referred to Coms. on L. GOV. and REV. & TAX.Minor
- Feb 17From printer. May be acted upon on or after March 16.
- Feb 13Introduced. Read first time. To Com. on RLS. for assignment. To print.Introduced
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