House Bill 1529, authored by Rep. Sean Eberhart (R-Shelbyville), says that retailers would no longer be allowed to issue a gift card that is subject to an expiration date or maintenance fee. There are certain restrictions in the bill, such as gift cards issued by financial institutions or charitable institutions.
The bill would put Indiana in line with 33 other states that have already adopted similar laws to protect gift card consumers.
"There shouldn't be fees or expiration dates on gift cards," said Rep. Eberhart. "We need to protect Indiana consumers so they can use them freely without any restrictions. Other states have taken this necessary action, and so should we."