CT SB01018

Effective October 1, 2023, retailers must provide purchasers of gift cards with either an electronic or paper copy of a proof of purchase receipt or gift receipt.

When a gift card balance drops below $5 after a purchase, the retailer must provide a cash refund for the remaining balance if requested by the purchaser.

The definition of "gift card" includes physical cards, electronic cards, stored-value cards, and certificates containing microprocessor chips or magnetic stripes that are prefunded and decremented upon use.

Excluded from the definition are general-use prepaid cards, cards from awards/loyalty programs with no monetary exchange, paper-only certificates, cards sold below face value, and cards from retailers without Connecticut retail establishments.

Subsection (d) was struck, removing the requirement that purchasers provide proof of purchase or gift receipt to qualify for the cash refund.