NJFC Stops State Gift Card Claims

TRENTON, N.J. — The New Jersey Food Council here won a preliminary injunction this week against the state’s recently passed unclaimed property law that allowed the state to claim revenue from unused gift cards, stored value cards and gift certificates after two years.

TRENTON, N.J. — The New Jersey Food Council here won a preliminary injunction this week against the state’s recently passed unclaimed property law that allowed the state to claim revenue from unused gift cards, stored value cards and gift certificates after two years.

Retailers faced an administrative burden if the escheat gift card law was enacted, since it would require retailers to keep records of consumers that purchased SVC cards.

Under the law, if addresses of ind

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