AK HB75

Establishes that the amount presumed abandoned for gift certificates, store gift cards, and general use prepaid cards is the balance remaining on the card, not the price paid by the purchaser.

Prohibits sellers from imposing expiration dates earlier than five years after issuance for gift certificates or five years after funds were last loaded for store gift cards and general use prepaid cards.

Restricts fees (including inactivity fees) to once per calendar month and only after 36 months of inactivity, with required disclosure to purchasers before purchase regarding fee amounts and frequency.

Defines three product categories: gift certificates (redeemable at single merchant or affiliated group), store gift cards (similar to gift certificates but may be reloadable), and general use prepaid cards (redeemable at multiple unaffiliated merchants).

Makes violations of the gift certificate and prepaid card requirements an unlawful trade practice enforceable under the Alaska Unfair Trade Practices Act, and authorizes the Department of Commerce, Community, and Economic Development to adopt implementing regulations.