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New Jersey Wants to Seize Your Unused Gift Cards
Published:
Monday, 3 Jan 2011 | 8:54 AM ET
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By: AP
New Jersey isn't giving up its effort to seize unused money on gift cards and traveler's checks.
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Photo by: LitAndMore |
Lawmakers voted last year to allow the seizure of cards after two to three years as a way to raise about $80 million and help balance the state's budget.
But in November, a federal judge temporarily struck down the law.
The Record of Bergen County reports the state isn't giving up though. State treasurer Andrew Sidamon-Eristoff has told a judge that the state will appeal the earlier ruling.
New Jersey Retail Merchants Association, the New Jersey Food Council and American Express [AXP
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] filed suits to block the law.
© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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