The proposed bill establishes a new section, 817.091, in the Florida Statutes to address fraudulent use of gift cards. It defines key terms such as "cardholder," "card issuer," "closed-loop gift card," "gift card," "gift card redemption information," "gift card seller," "open-loop gift card," and "value." The bill outlines unlawful activities related to gift cards, including acquiring or retaining possession of a gift card or its redemption information without consent, altering or tampering with gift cards, and using such cards or information obtained through these means for fraudulent purposes.

The bill stipulates criminal penalties for violations, categorizing them as misdemeanors of the first degree, with enhanced penalties for violations where the value exceeds $950, which would be classified as felonies of the first degree. The act is set to take effect on October 1, 2025.