The bill amends the Organized Retail Crime Act (2012 PA 455) by adding a new section, 3a, which introduces definitions related to gift cards. Specifically, it defines "gift card" as either a physical or digital closed-loop or open-loop card that can be activated or inactivated. Additionally, it establishes definitions for "gift card redemption information," which refers to the unique information that allows cardholders to access or spend the funds on their gift cards, as well as "issuer," which denotes the entity that issues the gift card, and "seller," which refers to merchants selling gift cards to consumers.

The enactment of this amendatory act is contingent upon the passage of House Bill No. 4598 from the 103rd Legislature and will take effect 90 days after it is enacted into law. This bill aims to clarify the legal framework surrounding gift cards within the context of organized retail crime, enhancing the protection of consumers and retailers alike.

Statutes affected:
Substitute (H-1): 752.1081, 752.1087
House Introduced Bill: 752.1081, 752.1087
As Passed by the House: 752.1081, 752.1087