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NJ S504
Bill
Status
1/9/2024
Primary Sponsor
James Holzapfel
Click for details
AI Summary
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Allows business owners ordered to partially or completely close during a public health emergency to sue the State for just compensation through condemnation proceedings
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Compensation covers loss of income during and after temporary closures, or loss of going concern (including real property) if the business permanently closes due to the emergency order
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Business owners bear the burden of proving both that losses resulted from the public health emergency and the amount of compensation owed
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Claims must be filed within one year of the expiration of the public health emergency order
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Applies retroactively to public health emergencies declared on or after January 1, 2020, covering COVID-19 pandemic closures
Legislative Description
Authorizes payment of just compensation to businesses for losses due to public health emergency closures.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024