- Alabama (F)
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- Arizona (F)
- Arkansas (D)
- California (A)
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- Connecticut (A)
- Delaware (F)
- District of Columbia (F)
- Florida (B)
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Rating
What we like:
- Post-sale fees not allowed Gift cards are redeemable for cash if value is $5.00 or less
- Colorado has legally specified whether or not gift cards escheat to the state
What could be better:
- No limits on expiration dates
- No legal definition of a gift card or gift certificate
- Value will escheat to the state after 5 years of inactivity
- Colorado does not maintain a consumer-centric web page dedicated to gift card laws
Heads up! ScripSmart attempts to make all information accurate. ScripSmart is only a guideline and does not provide definitive statements of the law. If you have questions about the law's application to a particular case, direct them to a specialist.
Report an errorGood to know for Colorado residents:
Gift Cards are not specifically defined in Colorado’s Unclaimed Property Act and are different from gift certificates per the Attorney General’s opinion.
When reporting gift cards as unclaimed property to the state of Colorado, a dedication for the first $25.00 of each gift card is allowed. However, a business must still report the gift card (and deduction) as unclaimed property, even if the balance is less than $25.00.
Last activity is any card holder initiated activity. (E.g, balance inquiry, partial redemption, reload.)
Last change in Colorado State law took effect on August 11, 2010
Colorado Attorney General Information
| Attorney General: John Suthers (R) |
| Attorney.General@state.co.us |
| Phone: 303-866-4500 |
| http://www.ago.state.co.us/index.cfm |
Helpful Links:
|
Colorado's Definition of a Gift Card/Gift Certificate http://www.state.co.us/gov_dir/leg... |
|
Detail of Colorado's Gift Card Expiration Law http://www.state.co.us/gov_dir/leg... |
|
Detail of Colorado's Gift Card Escheatment Law
http://www.colorado.gov/treasury/g... |
|
Detail of Colorado's Gift Card Fees Law
http://www.state.co.us/gov_dir/leg... |
|
Detail of Colorado's Gift Card Cash Back Law
http://www.state.co.us/gov_dir/leg... |
