Representative Cherry has introduced HB 1122 which prohibits a person from issuing a gift card subject to expiration or subject to dormancy fees or the like.

I like getting gift cards even if, as my wife notes, I am not very prompt in using them. Still, I appreciate the quip, “Gift cards: almost as good as cash!” which suggests that what you are doing is spending your money to give a diminished form of money. One of my relatives does retail sales, and he suggested that when his outfit gives out gift cards, the non-redemption factor is pretty high; something like 15%. That’s some nice pure profit for a retailer. Rep. Cherry’s bill would diminish that profit somewhat with uncertainty about whether someone is going to walk in the door 15 years later to redeem it.