A 1906 New Jersey General Assembly · 2024-2025 Regular Session

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

New Jersey's A1906 bill prohibits businesses receiving state economic development subsidies of $25,000 or more from making campaign contributions to candidates, political parties, or related committees during the subsidy period. It applies to the business itself, its affiliates, and key employees, but allows candidates to contribute to their own campaigns. Violations could result in fines up to $200,000 for individuals or $500,000 for entities, and businesses may lose remaining subsidies or face a five-year ban on state contracting. The bill defines "development subsidy" to exclude specific programs like affordable housing or environmental initiatives.
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 Assembly, Referred to Assembly State and Local Government Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ellen Park
Ellen Park
DDemocratic
NJ
37