Business Services Industry
Washington State Has Present for Gift-Certificate Holders: No Expiration Date.
Knight Ridder/Tribune Business News, March, 2004
By Peter Lewis, The Seattle Times Knight Ridder/Tribune Business News
Mar. 26--Starting this July, a gift certificate issued in Washington state by Starbucks, Home Depot or any other merchant -- with some exceptions -- will be good forever.
Under a law Gov. Gary Locke is scheduled to sign today, it will become illegal to put an expiration date on a gift card or certificate.
And, such cards or certificates will be redeemable for cash when their value slips to less than $5, returning to consumers the money that now stays with merchants.
The law, effective July 1, has a few exceptions, including cards and certificates that are part of promotions or those donated to a charity for fund-raising purposes.
Rep. Ross Hunter,...
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