Illinois
For Illinois, expiration rule is no person shall sell a gift certificate that is subject to: (1) an expiration date earlier than 5 years after the date of issuance; dormancy/service fee rule is no person shall sell a gift certificate that is subject to: (1) an expiration date earlier than 5 years after the date of issuance; or (2) a post-purchase fee; cash redemption threshold is none; covered instruments is The face value of a gift certificate issued on or after January 1, 2008 may not be reduced in value and the holder of a gift certificate issued after January 1, 2008 may not be penalized in any way for non-use or untimely redemption of the gift certificate; statute citation is 815 ILCS 505/2SS(b), recorded from its source on 2026-08-18.
- State
- Illinois
- Expiration rule
- no person shall sell a gift certificate that is subject to: (1) an expiration date earlier than 5 years after the date of issuance verified
- Dormancy/service fee rule
- no person shall sell a gift certificate that is subject to: (1) an expiration date earlier than 5 years after the date of issuance; or (2) a post-purchase fee verified
- Cash redemption threshold
- none
- Covered instruments
- The face value of a gift certificate issued on or after January 1, 2008 may not be reduced in value and the holder of a gift certificate issued after January 1, 2008 may not be penalized in any way for non-use or untimely redemption of the gift certificate verified
- Statute citation
- 815 ILCS 505/2SS(b) our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
(b) On or after January 1, 2008, no person shall sell a gift certificate that is subject to: (1) an expiration date earlier than 5 years after the date of issuance; or (2) a post-purchase fee. Any gift certificate issued prior to January 1, 2008 that is subject to a fee must contain a statement clearly and conspicuously printed on the gift certificate stating whether there is a fee, the amount of the fee, how often the fee will occur, that the fee is triggered by inactivity of the gift certificate, and at what point the fee will be charged. The statement may appear on the front or back of the gift certificate in a location where it is visible to any purchaser prior to the purchase. (c) The face value of a gift certificate issued on or after January 1, 2008 may not be reduced in value and the holder of a gift certificate issued after January 1, 2008 may not be penalized in any way for non-use or untimely redemption of the gift certificate.
— ilga.gov, retrieved 2026-08-18
Source
- ilga.govhttps://www.ilga.gov/legislation/ilcs/fulltext.asp?DocName=081505050K2SS