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Should The State Be Able To Seize Your Unused Gift Cards?

NJ wants to be able to seize your unused gift cards through the process of escheat to bolster state revenues.

Justin Sullivan, Getty Images

Governor Chris Christie signed the mandate into law as part of his June 2010 budget. The law says that the state can claim the proceeds of any unused gift card, money order or traveler’s check after a period of two years.

The Assembly has voted to repeal the controversial mandate and American Express has said it will stop selling gift cards in NJ instead of complying the law.

What’s your opinion on this?

If you knew that gift cards would eventually become void and taken over by Trenton would you continue to buy them for gift giving?

Take the poll or tell us your opinion in the comment form below….

 

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