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Enrolled September 01, 2026 Passed IN Senate August 30, 2026 Passed IN Assembly August 28, 2026 Amended IN Assembly August 21, 2026 Amended IN Assembly June 10, 2026 CALIFORNIA LEGISLATURE— 2025–2026 REGULAR SESSION Senate Bill No. 1078 Introduced by Senator Laird (Coauthor: Assembly Member Pellerin) February 13, 2026 An act to add Section 1749.52 to the Civil Code, relating to gift certificates. LEGISLATIVE COUNSEL'S DIGEST SB 1078, Laird. Gift certificates: cash redemption. Existing law, commencing April 1, 2026, makes a gift certificate with a cash value of less than $15 redeemable in cash for its cash value. This bill would authorize the issuer of a gift certificate that contains printed language on the certificate stating a cash redemption threshold that is lower than the amount described above to sell the gift certificate until December 31, 2028, if certain requirements are met, including that the gift certificate was manufactured or printed before April 1, 2026, and the issuer of the gift certificate displays at specified point-of-sale devices, a notice stating that a gift certificate with a cash value of less than $15 is redeemable in cash for its cash value, as provided. Digest Key Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO Bill Text The people of the State of California do enact as follows: SECTION 1. Section 1749.52 is added to the Civil Code, to read: 1749.52. (a) Notwithstanding paragraph (2) of subdivision (b) of Section 1749.5, the issuer of a gift certificate that contains printed language on the certificate stating a cash redemption threshold that is lower than the amount required by paragraph (2) of subdivision (b) of Section 1749.5, may sell the gift certificate until December 31, 2028, if all of the following requirements are met: (1) The gift certificate was manufactured or printed before April 1, 2026. (2) At each point-of-sale device at which a gift certificate may be purchased, loaded with value, or redeemed in cash, the issuer of the gift certificate displays a notice in at least 24-point font stating that a gift certificate with a cash value of less than fifteen dollars ($15) is redeemable in cash for its cash value. (3) The issuer of the gift certificate maintains in the ordinary course of business, records reasonably demonstrating the manufacture or print date of the gift certificate. (b) An issuer of a gift certificate that complies with this section shall not be subject to any civil or criminal penalties solely because the gift certificate contains printed language on the gift certificate stating a cash redemption threshold that is lower than the amount required by paragraph (2) of subdivision (b) of Section 1749.5.