GIFT CARDS

GIFT CARDS
TWO-YEAR LIFE
PROPOSED LAW: GIFT CARDS COULD NOT EXPIRE FOR A MINIMUM OF TWO YEARS. RETAILERS COULD NOT CHARGE FEES DURING THAT TIME THAT REDUCE THE CARDS' VALUE.
WHAT PEOPLE THINK: THE BILL'S SPONSOR SAYS PEOPLE SHOULD BE ABLE TO USE THE FULL GIFT THEY RECEIVED. OHIO COUNCIL OF RETAIL MERCHANTS SAYS EXPIRATION DATES OFTEN ARE NECESSARY TO PREVENT PROBLEMS WITH TAXES AND ACCOUNTING, THOUGH THE GROUP IS NOT OPPOSING THE BILL.
WHERE IT STANDS: THE SENATE APPROVED THE BILL. A HOUSE COMMITTEE IS EXPECTED TO VOTE ON IT NEXT MONTH.
ASSOCIATED PRESS