→
Previous
Latest
S T A T E O F I O W A K I M R E Y N O L D S G O V E R N O R ApriI18,2025 The HonorablePaulPate SecretaryofStateofIowa StateCapitol Des Moines,Iowa50319 DearMr.Secretary, Iherebytransmit:
Senate File 266 - Enrolled Senate File 266 AN ACT RELATING TO THEFT, FORGERY, AND FRAUD INVOLVING A GIFT CARD, AND PROVIDING PENALTIES.
SenateFile266,anActrelatingtotheft,forgery,andfraudinvolvingagiftcard,and providingpenalties.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
TheaboveSenateFileisherebyapprovedonthisdate.
incerely, molfc Governor oflo cc:
SecretaryoftheSenate Clerk ofthe House STATE CAPITOL DES MOINES,IOWA 50319 515.281.5211 FAX 515.725.3527WWW.GOVERNOR.IOWA.GOV EaiLwe^SsBwoMT WILL MAINTAI G E N E R A L A S S E M B E \ inininHMnnMHiHHimwHHinmHHHnninnnmiiimiiiHnmH?;!!H]!}iiiiHiiimiimiimHni»;i!!i!i»iJiiHiiiiiiiiitSi;i!!iiiiH»iHHimiiitiiW!i!iiimiiimitiHmnmiHl S e n a t e F2 6 6e A NA C T RELATING TO THEFT, FORGERY, AND FRAUD INVOLVING A GIFT CARD, AND P R O V I DP E N A L T I E S .
B EI TE N A C TB YT H G E N E RA S S E MO FLT H S T A O F I O W A :
^Cardholder'^ means any person in possession of a physical or digital gift card issued through a purchase by the person, or received by the person from a willing party.
“Cardholder” means any person in possession of a physical or digital gift card issued through a purchase by the person, or received by the person from a willing party.
'^Card issuer" means any person that issues a gift card or the agent of a gift card issuer.
“Card issuer” means any person that issues a gift card or the agent of a gift card issuer.
"^Gift card" means a physical or digital card, code, or device that is issued to a consumer on a prepaid basis primarily for personal, family, or household purposes in a specified amount, regardless of whether that amount may be increased or reloaded in exchange for payment, and is redeemable upon presentation by a consumer either at a single merchant, a group of affiliated merchants, or at multiple unaffiliated merchants for goods or services within the payment c a rn e t w o r k .
“Gift card” means a physical or digital card, code, or device that is issued to a consumer on a prepaid basis primarily for personal, family, or household purposes in a specified amount, regardless of whether that amount may be increased or reloaded in exchange for payment, and is redeemable upon presentation by a consumer either at a single merchant, a group of affiliated merchants, or at multiple unaffiliated merchants for goods or services within the payment card network.
'''Gift card redemption information" means information unique to each gift card that allows the cardholder to access, transfer, or spend the funds on that gift card.
“Gift card redemption information” means information unique to each gift card that allows the cardholder to access, transfer, or spend the funds on that gift card.
'"Gift card seller" means a merchant that is engaged in the business of selling gift cards to consumers.
“Gift card seller” means a merchant that is engaged in the business of selling gift cards to consumers.
'^Value^ means the greatest amount of economic loss the owner of the property might reasonably suffer including, in the case of a gift card, the full monetary face value or potential value for variable-load gift cards.
“Value” means the greatest amount of economic loss the owner of the property might reasonably suffer including, in the case of a gift card, the full monetary face value or potential value for variable-load gift cards.
Any person who, with intent to defraud, alters or tampers with a gift card commits forgery and is guilty of an aggravated m i s d e m e a n o r .
Any person who, with intent to defraud, alters or tampers with a gift card commits forgery and is guilty of an aggravated misdemeanor.
(1) A class felony if the amount of money or value of property or services involved exceeds five thousand dollars.
(1) A class “C” felony if the amount of money or value of property or services involved exceeds five thousand dollars.
(2) A class ""d" felony if the amount of money or value of property or services involved exceeds one thousand dollars but does not exceed five thousand dollars.
(2) A class “D” felony if the amount of money or value of property or services involved exceeds one thousand dollars but does not exceed five thousand dollars.
(1) A class felony if the value of the property stolen e x c e e d s thousand d o l l a r s .
(1) A class “C” felony if the value of the property stolen exceeds five thousand dollars.
(2) A class "d" felony if the value of the property stolen is more than one thousand dollars but not more than five t h o u sd o l l a r s .
(2) A class “D” felony if the value of the property stolen is more than one thousand dollars but not more than five thousand dollars.
(3) An aggravated misdemeanor if the value of the property Senate Pile 266, p.
(3) An aggravated misdemeanor if the value of the property Senate File 266, p.
3 s t o l e n i s m o r e t h a n f i v e h u n d r e d d o l l a r s b u t n o t m o r e t h a n o n e t h o u s a n d d o l l a r s .
3 stolen is more than five hundred dollars but not more than one thousand dollars.
(4) A serious misdemeanor if the value of the property s t o l e n i s f i v e h u n d r e d d o l l a r s or l e s s .
(4) A serious misdemeanor if the value of the property stolen is five hundred dollars or less.
The value of the retail merchandise received by the person in violation of this section within any six-month period may be aggregated and the defendant charged accordingly in applying the provisions of this section..
The value of the retail merchandise received by the person in violation of this section within any six-month period may be aggregated and the defendant charged accordingly in applying the provisions of this section.
AMY SIN^yAIR P A T / G R A S S L E Y P r e s i d e n t o f the S e n a t e Speaker of H o u s e I hereby certify that this bill originated in the Senate and is known as Senate File 266, Ninety-first General Assembly.
______________________________ ______________________________ AMY SINCLAIR PAT GRASSLEY President of the Senate Speaker of the House I hereby certify that this bill originated in the Senate and is known as Senate File 266, Ninety-first General Assembly.
W .
______________________________ W.
C H A R L E S S M I T H S O N Secretliry Senate Approved 2 0 2 5 :m R^NOLDS G o v e r n o r
CHARLES SMITHSON Secretary of the Senate Approved _______________, 2025 ______________________________ KIM REYNOLDS Governor
⬇ Download PDF