The bill establishes the New Jersey Reparations Task Force, tasked with studying and developing proposals for reparations for African-Americans in the state. Comprising 11 members—four legislators and seven public members—appointed by the Governor and legislative leadership, the task force will investigate the historical context of slavery in New Jersey, the ongoing impacts of systemic racial discrimination, and the state's role in these injustices. To gather community input, the task force is required to hold at least six public meetings in various cities, including Camden, Paterson, Newark, New Brunswick, Atlantic City, and Trenton.

The task force's responsibilities include compiling evidence related to slavery, recommending educational initiatives, and proposing remedies for injustices faced by African-Americans. It will ensure that its recommendations align with national and international reparations standards. An interim report detailing progress must be submitted within 12 months of the initial meeting, followed by a final report with recommendations due within 24 months, after which the task force will be dissolved. The Governor is responsible for convening the first meeting, which must occur no later than the first day of the third month following the bill's enactment.