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NY A03154
Bill
Status
Introduced
2/2/2023
Primary Sponsor
William Magnarelli
Click for details
AI Summary
- Amends Election Law Section 14-120 regarding attribution of political campaign contributions from limited liability companies
- Requires contributions exceeding $2,500 to be further attributed to each LLC member in proportion to their ownership interest
- Applies only to contributions above the $2,500 threshold
- Takes effect immediately upon enactment
Legislative Description
Provides that for contributions that exceed twenty-five hundred dollars, when a campaign contribution is attributed to a limited liability company, such contributions shall be further attributed to each member of the limited liability company in proportion to the member's ownership interest in the limited liability company.
Last Action
referred to election law
1/3/2024
Committee Referrals
Election Law2/2/2023
Full Bill Text
No bill text available