Check out the interactive graphic to see
the actions of your state on gift cards.
Posted on 06/29/2009 7:33:34 PM PDT by GOP_Lady
Some states faced with sinking tax collections and rising debt are going after unused gift cards that bolster their revenue.
South Carolina is considering legislation that would give the state the right to collect unclaimed gift-card credit. A similar measure in Texas to allow the collection of unused credit even from cards that have no expiration date passed that state's House this spring and stalled in the Senate. Texas already collects unused gift cards with expiration dates.
Since the recession began, states have been aggressively tapping so-called abandoned property -- anything from gift cards to dormant bank accounts and safety-deposit boxes. About half the states collect unused gift cards after a period of two to five years.
(Excerpt) Read more at online.wsj.com ...
Check out the interactive graphic to see
the actions of your state on gift cards.
FREEDOM PING! :-)
How far we have sunk.
I fear for the Republic.
Lamh Foistenach Abu!
What Republic?
Criminal looters.
This is right up there with scummy practices like taking out loans on projected gambling/lottery revenues.
Texas is becoming a liberal nightmare. Anyone notice the nutso property tax bills? Think of it a s a wealth tax. You don’t OWN property in Texas, you rent it from school districts. Great way to piss away your freedom!
What makes govt think it should get this piece of the American Pie?
Wow, guess I should read the story first - this is far worse. I assumed EXPIRED gift cards only.
One more reason not to give gift cards - sheesh!
I have unused credit cards. I guess pretty soon the govt. will borrow in my name and let me pay it back.
Use them or lose them!!! :-)
Thieves.
Refuse access to your county property tax assessors. It drives them nuts!
They don’t care since google earth gives them all the info they need.
“I have unused credit cards. I guess pretty soon the govt. will borrow in my name and let me pay it back.”
PLEASE. don’t give them any ideas! This administration and many democrat controled, local governments may take that tempting target of “revenue” into serious consideration.
ping
This is nothing new but it is improved. In the past if you had unclaimed monies it had to be turned over to the state then they would hold until/if it was claimed by the rightful owners or heirs but the state kept the interest.
With the gift cards there is no way of knowing who the rightful owners are so the state gets the actual money.
Theft pure and simple
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