Businesses and nonprofits would face a New Jersey election spending ban

Covered organizations would be barred from donating to candidates or political committees and spending to influence elections or provide information about candidates or ballot questions in New Jersey. Businesses and nonprofits would be covered, including out-of-state organizations doing business, holding property, or financing or directing election activity in New Jersey. Defined political committees, legally designated public bodies, and state or local government agencies would be excluded. Genuine news reports and editorials in publications with general circulation would be exempt. After finding a violation, the Attorney General could ask a court for penalties, including suspending operations, barring state contracts, removing applicable state tax exemptions, requiring reports, revoking operating authority, or dissolving the organization. The ban and enforcement powers would take effect one year after enactment.