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UPDATE: Arizona Department of Revenue has Issued an Advisory Report Regarding the Error in the Removal of the Gift Card Exemption

Aug 3, 2026 | State Law

Leawood, Kan. – August 3, 2026:  Recall our previous Card Alert that the Arizona Governor’s Office had issued a statement that striking the property exemptions in Senate Bill 1336 was an error. To view that Card Alert click here, July 24, 2026 Arizona Card Alert.  In...

UPDATE: Arizona Governor’s Office Confirms that Removal of Gift Card Exemption was in Error

Jul 24, 2026 | State Law

Leawood, Kan. – July 24, 2026:  Recall that just last week we announced that the Arizona Legislature enacted Senate Bill 1366 (“SB 1366”) that amended the Arizona Unclaimed Property Law to remove the section that specifically exempts certain types of properties,...

Arizona Amends Unclaimed Property Act to remove Gift Card and other Exemptions for Unclaimed Property

Jul 17, 2026 | State Law

Leawood, Kan. – July 17, 2026: The Arizona Legislature, with the approval of the Arizona Governor, have enacted Senate Bill 1366 (“SB 1366”) that amends the Arizona Unclaimed Property Law to remove the section that specifically exempts certain types of properties,...

Arizona Requests Holders Submit an Unclaimed Property Notification Report

Jun 17, 2026 | State Law

Leawood, Kan. – June 17, 2026:  Last week the Arizona Department of Revenue sent out a request that holders submit a data only unclaimed property notification report (“Notification Report” or “Preliminary Report”) by July 4, 2026. Arizona indicated that the...

California Proposes to Extend the Abandonment Period for Unclaimed Property

Jun 12, 2026 | State Law

Leawood, Kan. – June 12, 2026:  The California Senate has introduced and passed Senate Bill 1066 (“SB 1066”) that seeks to amend the California Unclaimed Property Law to extend the abandonment period by an additional four years. Cal. S.B. 1066, 2026 Leg., Reg. Sess....

Update: Florida’s Push to Curtail the Use of Expiration Dates and Dormancy Fees on Closed Loop Cards Fails

Apr 3, 2026 | State Law

Leawood, Kan. – April 3, 2026:  Last month, the legislative session ended for the state of Florida without any further action on House Bill 707 and Senate Bill 826 (collectively, the “Florida Bills”).  The Florida Bills proposed changes regarding expiration dates and...
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