Contact Us
Make My Homepage

Gift Card Law May Be Scrapped

Legislation reversing a 2010 law that allowed the state to claim the value of dormant gift cards as revenue will be considered Thursday.

Gift Cards
Flickr User 401k

The Senate Budget Committee is being asked to vote to remove gift cards from the state’s unclaimed property law. The bill also prohibits retailers from charging dormancy fees on idle cards or imposing expiration dates.
PREVIOUS: New Jersey’s Gift Card Law
The state anticipated $65 million in new revenue by expanding the law. But retailers sued and the law has stalled.

Three major players in the gift card market told The Associated Press last month they would quit doing business in New Jersey in June over difficulties complying with the new law.

The companies, AmEx, Blackhawk Network and InComm, provided gift cards sold at malls, groceries and convenience stores.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!