TO CREATE THE CRIMINAL OFFENSE OF GIFT CARD FRAUD; AND TO DECLARE AN EMERGENCY.

Impact Assessment for SB302 Sponsored by Senator Gilmore Subtitle TO CREATE THE CRIMINAL OFFENSE OF GIFT CARD FRAUD Impact Summary1 Cannot be determined. The proposed bill creates a new felony criminal offense for which the likely number of occurrences is unknown. Change from Current Law2 Amends Title 5 of Arkansas Code Annotated (A.C.A.) by adding a new section, A.C.A. § 5-37-229, Gift card fraud - Definitions. Under the proposed bill, a violation of A.C.A. § 5-37-229 is a Class B, C, or D Felony, or a Class A Misdemeanor, depending on the value of the gift card or gift card redemption or depending on the aggregate value of one (1) or more gift cards or gift card redemption information acquired or used within one hundred and twenty (120) days. Impact Information The proposed bill creates a new felony offense, the likely number of occurrences of which cannot be determined. The proposed criminal offense contains similar elements to A.C.A. § 5-37-207, Fraudulent use of a credit card or debit card. [See attached for complete reproduction] The following data is for informational purposes only. The Administrative Office of the Courts (AOC) reports that for the three (3) year period begi