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Are Gift Cards Reportable?

gift cards reportable
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Are Gift Cards Reportable?

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Yes. Pursuant to applicable principles of statutory interpretation, the broad provisions of Colorado Statute Section 38-13-103 and 104, C.R.S. (2004) of Colorado’s Unclaimed Property Act 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.

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