S 747 New Jersey Senate · 2024-2025 Regular Session

Prohibits business receiving State development subsidies from making certain campaign contributions.

New Jersey bill S 747 prohibits businesses receiving state economic development subsidies of $25,000 or more from making campaign contributions to political candidates, parties, or committees during the subsidy period. It directly affects recipient businesses (including key employees and affiliates) that get state funds for economic development, excluding subsidies for affordable housing, environmental programs, or nonprofit services. Violations can result in fines up to $500,000, loss of the subsidy, and a five-year ban from future state contracts. The bill does not restrict candidates from contributing to their own campaigns.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Gordon Johnson
Gordon Johnson
DDemocratic
NJ
37