New Jersey S262 prohibits state pension funds from investing in corporations that relocate operations or ownership outside the U.S.
New Jersey S262 prohibits state-administered pension funds from investing in corporations that reduce their annual worldwide effective income tax rate by 20% or more within three years due to a shift in ownership or operations outside the U.S. The bill mandates the State Investment Council and the Director of the Division of Investment to divest from such corporations within three years of enactment.
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