gift cards

Shoppers this holiday season plan to spend more than ever on gift cards.

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The Senate has voted to reverse a 2-year-old law that allows the state to claim the value of dormant
gift cards.

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The Senate Budget Committee will take a vote Thursday on reversing a 2-year-old law that allows the state to claim the value of dormant gift cards.

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The New Jersey Senate delayed a vote Thursday to reverse a two-year-old law that allows the state to claim the value of dormant gift cards.

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Governor Christie says while the state's 2 percent property tax cap is providing badly needed relief, it can be made more effective.

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Unless the New Jersey Legislature acts quickly and Governor Chris Christie has a change of heart, some unused gift cards will soon become the property of the state of New Jersey.

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A Senate panel has approved a proposal reversing a 2010 law that allows the state to claim the revenue from dormant gift cards.

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

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Last week, American Express, InComm and Blackhawk Network all announced plans to no longer operate in New Jersey, rather than comply with the law that lets the State of New Jersey seize the value of unredeemed gift cards after just two years.

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Three major gift card companies already decided not to comply with a law that allows New Jersey to claim the value of unredeemed gift cards after two years. The companies' announcements have triggered widespread fear that the controversial law could pose serious concerns for consumers and the retail industry.

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