Bill
Bill > A1364
NJ A1364
NJ A1364Prohibits business receiving State development subsidies from making certain campaign contributions.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill prohibits a business, or any holding company or affiliate of the business, or an officer, director, or key or principal employee of the business, from making campaign contributions to candidates for nomination or election to any public office in the State during a period when the business is receiving a development subsidy totaling $25,000 or more from a State agency or authority. The prohibition does not prohibit any individual who is a candidate for public office in this State from contributing to the individual's own campaign. A violation of this prohibition would be a crime of the fourth degree, except that the amount of a fine may be up to $200,000, and in the case of a person other than a natural person, the amount of a fine may be up to $500,000. Further, a recipient business found to have willfully and intentionally made a contribution or failed to reveal a contribution may be liable to a penalty of up to the value of its development subsidy with the State agency, may be ineligible for any remaining amount of the development subsidy, and may be debarred by the State Treasurer from contracting with any State agency or receiving a development subsidy for up to five years. The bill provides that a candidate for nomination or election to any public office in this State who solicits or accepts a political contribution prohibited by the bill is liable to a penalty for each violation as set forth in current law in N.J.S.A.19:44A-22.
AI Summary
This bill prohibits businesses receiving state development subsidies, defined as financial assistance totaling $25,000 or more from a state agency or authority to stimulate economic development, from making campaign contributions to state candidates or political committees. This restriction applies to the business itself, its affiliates, officers, directors, and key employees, but not to individuals contributing to their own campaigns. Violations are considered a fourth-degree crime, with potential fines up to $200,000 for individuals and $500,000 for non-natural persons. Businesses found to have willfully violated this law may face penalties up to the value of their subsidy, lose remaining subsidy funds, and be barred from state contracts or future subsidies for up to five years. Candidates who solicit or accept prohibited contributions are subject to penalties outlined in existing law.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A1364 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1364_I1.HTM |
Loading...