Increases disclosure of political contributions by business entities with public contracts; creates uniform law for contributions by such entities; repeals local option to set contribution limits for business entities.

This bill prohibits business entities with state, county, or municipal government contracts exceeding $17,500 from making political contributions to certain committees (including gubernatorial, legislative leadership, or local candidate committees) during the contract term. It applies to all contracts above this threshold, requiring businesses to avoid contributions made in the prior year to these committees. The bill establishes a uniform statewide rule by repealing local options to set different contribution limits, replacing inconsistent local policies with a single standard. This directly affects businesses seeking or holding public contracts across New Jersey’s government levels.