NY S02899

Reduces statewide contribution limits from $12,000 to $2,800 for nominations and elections to statewide office, with limits divided equally between primary and general elections.

Lowers state senator contribution limits from $6,250 to $2,800 and assembly member limits from $2,500 to $2,800, both divided equally between primary and general elections.

Changes cost-of-living adjustment calculations from every four years to every two years, beginning in 2022 instead of 1995.

Reduces party and constituted committee contribution limits from $62,500 to $25,000 per year in the aggregate.

Caps contributions to party committees for maintaining headquarters and staff activities at $25,000 per year per contributor.