Bill
Bill > S504
NJ S504
Authorizes payment of just compensation to businesses for losses due to public health emergency closures.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill provides that the closure of a business due to an order declaring a public health emergency is a public purpose for which the State may have to pay the business owner just compensation. Under the bill, the owner of a business may bring an action to compel the State to exercise condemnation and to pay just compensation for either: · loss of income during, and for a reasonable time after, a temporary partial or complete closure of the business, if the business would not have closed but for compliance with the order; or· loss of going concern, including the loss of real property, if the closure of the business results in the owner going out of business and the owner proves the owner would not have gone out of business but for compliance with the order. The bill would assign to the business owner: the burden of proving that the alleged loss is due to the public health emergency; and the burden of proving the amount of compensation for losses. The bill provides that it's provisions would apply to a public health emergency declared on or after January 1, 2020. An action to compel condemnation and the payment of just compensation brought under the bill must be filed within one year of the expiration of the order that declared or renewed the public health emergency.
AI Summary
This bill provides that the closure of a business due to an order declaring a public health emergency is a public purpose for which the State may have to pay the business owner just compensation. Under the bill, a business owner can bring an action to compel the State to exercise condemnation and pay just compensation for either the loss of income during and after a temporary closure or the loss of going concern if the closure results in the owner going out of business. The bill assigns the burden of proof to the business owner to show that the alleged loss is due to the public health emergency and to prove the amount of compensation. The bill applies to public health emergencies declared on or after January 1, 2020, and actions must be filed within one year of the expiration of the emergency order.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S504 |
BillText | https://pub.njleg.gov/Bills/2024/S1000/504_I1.HTM |
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