Prohibits award of State contracts and development subsidies to inverted domestic corporations.

New Jersey's S 2728 prohibits the state from awarding contracts for goods, services, or public construction projects (funded by state money) or development subsidies to companies classified as "inverted domestic corporations" by the IRS under federal tax law. These are corporations that have restructured to avoid U.S. taxes by moving their legal headquarters abroad. Companies must certify they are not inverted corporations to receive state contracts or subsidies, and if they become inverted during a subsidy period, they must repay the full amount. The law includes an exception to avoid conflicts with federal law or loss of federal funding.