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 both physical and digital cards that can be activated or inactivated, "gift card redemption information" as the unique information that allows cardholders to access or spend the funds, "issuer" as the entity that issues the gift card, and "seller" as a merchant that sells gift cards to consumers.

Additionally, the bill stipulates that it will take effect 90 days after being enacted into law, but only if House Bill No. 4598 of the 103rd Legislature is also enacted. This legislative change aims to clarify the terminology and framework surrounding gift cards within the context of organized retail crime.

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