Thursday, January 17, 2008

New rules on gift certificates

http://www.yubanet.com/artman/publish/article_72640.shtml

California SB250 (Corbett) gives consumers the right, as of January 1, 2008, to cash in an unused or partially used gift card when the value of the card is less than $10.00. Previously, retailers didn't have to issue a refund.

Thanks to David Fogel, CPA for this alert, see www.fogelcpa.com.