BILL NUMBER:  SB 885
  VETOED	DATE: 09/23/2010




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To the Members of the California State Senate:

I am returning Senate Bill 885 without my signature.

This bill can place an additional burden on small businesses that
offer gift certificates and cards.  Those small businesses are
required to maintain some record of the card or certificate as a
liability on the books and eventually pay taxes on the revenue
whether or not the certificate is redeemed. I believe existing law
acknowledges a reasonable cost of business to help offset the
record-keeping and other administrative expenses of dormant gift
certificates and gift cards.  Therefore, I do not believe a change to
current law would be prudent.

For these reasons, I am unable to sign this bill.

Sincerely,



Arnold Schwarzenegger