This bill amends section 501.95 of the Florida Statutes to revise the definition of "gift certificate" to include additional types of instruments such as reward cards and promotional gift cards. It also removes provisions that previously allowed for the expiration of gift certificates under certain circumstances. The new language specifies that gift certificates purchased or credit memos issued in Florida cannot have expiration dates or any fees imposed on them, with limited exceptions for charitable contributions and employee-incentive programs, provided that the expiration date is clearly disclosed to consumers.

Additionally, the bill reenacts sections 538.03 and 717.1045 to incorporate the amendments made to section 501.95, ensuring that gift certificates and credit memos are treated consistently across related statutes. The bill clarifies that unredeemed gift certificates or credit memos are not required to be reported as unclaimed property, except for those that fall under specific conditions outlined in the amended section. The act is set to take effect on July 1, 2026.