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 individuals purchasing ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.