Loading chat...

NY A02614

Bill

Official Source

Status

Introduced

1/20/2015

Primary Sponsor

Brian Kavanagh

Click for details

Origin

Assembly

2015-2016 General Assembly

AI Summary

  • Amends election law to allow limited liability companies (LLCs) to be treated as separate entities for campaign contribution purposes, similar to existing law for partnerships
  • Allows LLCs to make contributions in the name of the company without attributing contributions to individual members, up to a $2,500 limit per candidate or political committee
  • Requires that any LLC contribution exceeding $2,500 to a candidate or political committee be attributed to each member whose individual share of the contribution exceeds $99
  • Takes effect immediately upon enactment

Legislative Description

Relates to political contributions made by limited liability companies.

Last Action

enacting clause stricken

6/17/2016

Committee Referrals

Election Law1/20/2015

Full Bill Text

No bill text available