The bill establishes the New Jersey Reparations Task Force, which will study and develop proposals for reparations for African-Americans in the state. Comprising 11 members—four legislators and seven public members—the task force will be appointed by the Governor and legislative leadership. Its responsibilities include examining the historical context of slavery in New Jersey, the ongoing effects of systemic racial discrimination, and the state's role in these injustices. The task force is mandated to hold at least six public meetings in various cities, such as Camden, Paterson, and Newark, to gather input from community leaders and organizations focused on civil rights and racial justice.

The task force is required to produce an interim report within 12 months and a final report within 24 months, detailing its findings and recommendations for reparations, including identifying the lingering negative effects of slavery and proposing educational initiatives and compensation for the descendants of enslaved Africans. Members of the task force will serve without compensation but may be reimbursed for expenses. The bill emphasizes the urgency of addressing historical injustices, particularly as the elder African-American population continues to age. The Governor will convene the first meeting no later than the first day of the third month after the bill's enactment, and the task force will be dissolved after submitting its final report.