A Network of the National Association of State Treasurers

Report Unclaimed Property (for Businesses)

Property Type—Gift Certificates

Alabama

Dormancy Periods

Gift Certificate: *
Alaska

Dormancy Periods

Gift Certificate: 3
Arizona

Dormancy Periods

Gift Certificate: Exempt
Arkansas

Dormancy Periods

Gift Certificate: 3* (Retail Gift Certificates Exempt)
California

Dormancy Periods

Gift Certificate: 3* With Expiration Date
Colorado

Dormancy Periods

Gift Certificate: 5* Colorado's Unclaimed Property Act, Article 13 of title 38, C.R.S. (2004)Statute, Section 38-13-103 and 104, C.R.S. (2004) does encompass stored value cards (SVC), including gift cards. Therefore, the unused monetary value of cards held by a card issuer is subject to the provisions of the Act.
Connecticut

Dormancy Periods

Gift Certificate: Exempt* Gift cards and gift certificates purchased by shoppers in Connecticut still cannot have an expiration date or incur inactivity fees
Delaware

Dormancy Periods

Gift Certificate: 5
District of Columbia

Dormancy Periods

Gift Certificate: 5
Florida

Dormancy Periods

Gift Certificate: Exempt* Refer to state law for specific information
Georgia

Dormancy Periods

Gift Certificate: 5
Guam

Dormancy Periods

Gift Certificate: 5
Hawaii

Dormancy Periods

Gift Certificate: Refer to State law for specific information
Idaho

Dormancy Periods

Gift Certificate: Refer to State law for specific information
Illinois

Dormancy Periods

Gift Certificate: Refer to State law for specific information
Indiana

Dormancy Periods

Gift Certificate: Exempt
Iowa

Dormancy Periods

Gift Certificate: 3
Kansas

Dormancy Periods

Gift Certificate: Exempt
Kentucky

Dormancy Periods

Gift Certificate: 3
Kenya

Dormancy Periods

Gift Certificate:
Louisiana

Dormancy Periods

Gift Certificate: 3
Maine

Dormancy Periods

Gift Certificate: 3
Maryland

Dormancy Periods

Gift Certificate: Exempt
Massachusetts

Dormancy Periods

Gift Certificate: * A law passed last year requires that all gift certificates -- including gift cards -- redeemed in Massachusetts not expire for seven years from the date of purchase. This law went into effect June 1, 2003. This new law enables businesses to keep the money of unredeemed gift certificates after seven years from issuance -- as long as said gift certificates have dates of issuance and expiration clearly marked on them. Under the new law, gift certificates without such dates are redeemable in perpetuity. Previously, state law -- which required that gift certificates be good for a period of at least two years -- mandated merchants turn over the value of expired gift certificates to the State Treasurer's Abandoned Property Division.
Michigan

Dormancy Periods

Gift Certificate: 3
Minnesota

Dormancy Periods

Gift Certificate: * Minnesota's U.P. Act was amended to no longer include gift certificates in reportable intangible property. This change was effective on July 1, 2001. Minnesota still considers a gift certificate issued June 30, 2001 or before reportable as unclaimed property three years after the date of issue if not presented for redemption.
Mississippi

Dormancy Periods

Gift Certificate: 5
Missouri

Dormancy Periods

Gift Certificate: 5 yrs, 60% of face value
Montana

Dormancy Periods

Gift Certificate: 3
Nebraska

Dormancy Periods

Gift Certificate: 3* The dormancy period for general-use prepaid cards is five years after the last transaction initiated by the card owner.
Nevada

Dormancy Periods

Gift Certificate: 3
New Hampshire

Dormancy Periods

Gift Certificate: Refer to State law for specific information
New Jersey

Dormancy Periods

Gift Certificate: 2* All Stored Value Cards and similar instruments
New Mexico

Dormancy Periods

Gift Certificate: 5
New York

Dormancy Periods

Gift Certificate: 5
North Carolina

Dormancy Periods

Gift Certificate: 3* 60% if certificate has expiration date; exempt if no expiration date
North Dakota

Dormancy Periods

Gift Certificate: Exempt
Ohio

Dormancy Periods

Gift Certificate: Exempt
Oklahoma

Dormancy Periods

Gift Certificate: 5
Oregon

Dormancy Periods

Gift Certificate: Exempt
Pennsylvania

Dormancy Periods

Gift Certificate: *
Rhode Island

Dormancy Periods

Gift Certificate: Exempt
South Carolina

Dormancy Periods

Gift Certificate: Exempt
South Dakota

Dormancy Periods

Gift Certificate: 3
Tennessee

Dormancy Periods

Gift Certificate: **See Tennessee Code 66-29-102(9), 66-29-102(24)(c), 66-29-102(30),66-29-110
Texas

Dormancy Periods

Gift Certificate: 3
US Virgin Islands

Dormancy Periods

Gift Certificate: No Provision
Utah

Dormancy Periods

Gift Certificate: 5* See state statute for specific information
Vermont

Dormancy Periods

Gift Certificate: 3
Virginia

Dormancy Periods

Gift Certificate: Refer to State law for specific information
Washington

Dormancy Periods

Gift Certificate: Exempted* See state law for more information about the prohibition of expiration dates, dormancy fees, and other important provisions.
West Virginia

Dormancy Periods

Gift Certificate: 3
Wisconsin

Dormancy Periods

Gift Certificate: Exempt
Wyoming

Dormancy Periods

Gift Certificate: 3