Colorado Tax Change Is Bad News For Gift Card Issuers

By Michael Giovannini and Kathleen Cornett (April 22, 2019, 4:04 PM EDT) -- The Colorado Legislature has joined the trend of states adopting (or purporting to adopt) the Revised Uniform Unclaimed Property Act of 2016, or RUUPA, through the recent passage of Senate Bill 19-088. In particular, Section 1 of S.B. 19-088 generally enacts RUUPA with some Colorado-specific deviations retained from the state's current unclaimed property framework. The bill was approved by the governor on April 16, 2019, and takes effect on July 1, 2020....

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