N.J. Senate committee tries to keep state from claiming unused gift cards

    A bill passed yesterday by the New Jersey Senate Budget Committee would prevent the state from claiming the value on unused gift cards.

    Many gift card companies pulled their certificates from store shelves earlier this spring in protest of the Garden State’s law that allows the government to take those values on cards that go unused for two years.

    NJ.com reports seven Democrats voted to repeal the law and prohibit retailers from charging dormancy fees and putting expiration dates on their cards. The Republicans abstained from the vote.

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