Washington state law prevents gift cards from expiring, but what happens to the unclaimed funds? In Washington state, corporations are able to keep that revenue thanks to a 2004 loophole passed by state legislators. At the time, corporations were expected to earn about $3 million in unused funds. That number today is more than $250 million, according to the state’s Department of Revenue. ”We don’t buy gift cards expecting that a large corporation is going to find ways to keep as much of that as they can,” said Sen. Yasmin Trudeau. Read more: https://www.king5.com/article/news/local/washington-businesses-unclaimed-gift-card-profits/281-b40a267d-5ffe-4259-bf5a-6a52ad77dd7b