Iowa Code r. 781-9.13 - Reporting of unused gift certificate balances
(1) Except as provided in subrules 9.13(2)
and 9.13(3), an unused balance on a gift certificate is reportable five years
from the date of issuance of the gift certificate or last usage, whichever is
later.
(2) An unused balance on a
gift certificate that is not redeemable for cash, which was issued prior to
July 2, 2014, is reportable five years from the date of issuance of the gift
certificate or last usage, whichever is later.
(3) An unused balance on a gift certificate
that is not redeemable for cash, which was issued after July 1, 2014, and is
not subject to expiration or service fees, is not subject to reporting and
delivery under Iowa Code chapter 556.
This rule is intended to implement Iowa Code section 556.9.
Notes
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