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MN HF2463

Bill

Official Source

Status

Introduced

2/27/2014

Primary Sponsor

Joe Atkins

Click for details

Origin

House of Representatives

88th Legislature 2013-2014

AI Summary

  • Prohibits political contributions and independent expenditures derived from corporation or limited liability company revenues unless the funds are reportable as income on individual income tax returns
  • Specifies eligible fund sources include corporate dividends, salaries, wages, commissions, bonuses, and capital gains
  • Applies the restriction to both direct and indirect contributions for all state and local races
  • Amends Minnesota Statutes section 10A.27 by adding subdivision 14a and creates new statute section 211B.151 with identical restrictions

Legislative Description

Political contributions made from funds derived from revenues of a corporation or LLC required to be subject to the individual income tax.

Last Action

Author added Dorholt

5/16/2014

Committee Referrals

Taxes3/20/2014
Government Operations3/19/2014
Elections2/27/2014

Full Bill Text

No bill text available