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CT SB00023

Bill

Official Source

Status

Introduced

2/11/2020

Primary Sponsor

Banking Committee

Click for details

Origin

Senate

2020 General Assembly

AI Summary

  • Increases the minimum gift card balance threshold from $3 to $5 for which merchants must provide cash refunds upon request by the customer
  • Merchants accepting gift cards as payment must provide a cash refund equal to the remaining balance if the post-purchase balance is less than $5 and the customer requests it
  • Amends section 42-461(c) of the general statutes
  • Effective date is October 1, 2020

Legislative Description

An Act Concerning Cash Refunds For The Balance Of A Gift Card.

Last Action

Public Hearing 03/10

3/4/2020

Committee Referrals

Banking2/11/2020

Full Bill Text

No bill text available