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HB 1431

Gift certificates; redeemable cash value.

2026 Regular Session Introduced by Tim Griffin

Virginia bill requiring gift certificates to be redeemable for remaining cash value, strengthening consumer protections against expiration and balance forfeiture.

Left in Labor and Commerce
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WeVote Research Nonpartisan
Bill Summary · HB 1431

Legislative bill overview

HB 1431 would require gift certificates to be redeemable for their cash value under certain conditions in Virginia. The bill addresses consumer protections around gift card and certificate expiration, partial use, and redemption practices that currently vary by retailer.

Why is this important

Gift certificates represent billions in consumer spending annually, and consumers often lose access to remaining balances due to expiration dates, small leftover amounts, or retailer closures. This bill would establish minimum consumer protections ensuring unused value isn't forfeited, protecting purchasing power and reducing merchant windfalls from unclaimed funds.

Potential points of contention

  • Retailer compliance costs: Businesses claim implementing cash redemption systems adds administrative burden and IT expenses, particularly for small retailers with older point-of-sale systems
  • Scope ambiguity: Unclear whether the bill covers all gift cards/certificates or specific types, and what threshold triggers cash redemption requirements (e.g., minimum balance amounts)
  • Expiration date conflicts: May conflict with existing state law (Virginia's 5-year gift card expiration rule) or federal law (Uniform Money Services Act), creating legal uncertainty for compliance

Compiled from official sources — confirm details with the bill’s official record.

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