New Jersey Not Giving Up On Gift Card Seizure Law

TRENTON, NJ (AP / WCBS 880) – New Jersey isn’t giving up its effort to seize unused money on gift cards and traveler’s checks.

WCBS 880’s Levon Putney reports

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 filed suits to block the law.    

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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