An act relating to gift certificates; amending s. 501.95,
F.S.; clarifying that the term "gift certificate" does not
include discount or promotional coupons for purposes of a
provision prohibiting gift certificates having expiration
dates; providing an effective date.
Be It Enacted by the Legislature of the State of Florida:
Section 1. Paragraph (b) of subsection (1) of section
501.95, Florida Statutes, is amended to read:
501.95 Gift certificates and credit memos.--
(1) As used in this section, the term:
(b) "Gift certificate" means a certificate, gift card,
stored value card, or similar instrument issued in exchange for
monetary consideration when the certificate, card, or similar
instrument is redeemable for merchandise, food, or services
regardless of whether any cash may be paid to the owner of the
certificate, card, or instrument as part of the redemption
transaction, but this term shall not include discount or
promotional coupons or tickets as specified in s. 717.1355.
Section 2. This act shall take effect July 1, 2008.