Authorizes payment of just compensation to businesses for losses due to public health emergency closures.

This New Jersey bill (S 504) would require the state to pay business owners just compensation for losses caused by mandatory closures during public health emergencies (like the 2020 pandemic). Owners could claim lost income during or after a closure or compensation if the business permanently closes due to the order. To qualify, owners must prove their losses were directly caused by the emergency order and provide evidence of the compensation amount. Claims must be filed within one year of the emergency order ending, and the bill applies to emergencies starting January 1, 2020. The bill is pending in the Senate Commerce Committee.