Bill Text: NY A02614 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to political contributions made by limited liability companies.

Spectrum: Strong Partisan Bill (Democrat 24-2)

Status: (Introduced - Dead) 2016-06-17 - enacting clause stricken [A02614 Detail]

Download: New_York-2015-A02614-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2614
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 20, 2015
                                      ___________
       Introduced by M. of A. KAVANAGH, CAMARA, COLTON -- Multi-Sponsored by --
         M.  of A. CAHILL, GOTTFRIED -- read once and referred to the Committee
         on Election Law
       AN ACT to amend the election law,  in  relation  to  contributions  from
         limited liability companies
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 2 of section 14-120 of  the  election  law,  as
    2  added by chapter 79 of the laws of 1992, is amended to read as follows:
    3    2.  Notwithstanding subdivision one of this section, a partnership, as
    4  defined in section ten of the partnership law, OR  A  LIMITED  LIABILITY
    5  COMPANY,  AS DEFINED IN SECTION ONE HUNDRED TWO OF THE LIMITED LIABILITY
    6  COMPANY LAW, may be considered a separate entity  for  the  purposes  of
    7  this  section,  and  as  such may make contributions in the name of said
    8  partnership  OR  LIMITED  LIABILITY  COMPANY  without  attributing  such
    9  contributions  to  the  individual members of the partnership OR LIMITED
   10  LIABILITY COMPANY provided that any such contribution made by a partner-
   11  ship OR LIMITED LIABILITY COMPANY to  a  candidate  or  to  a  political
   12  committee, shall not exceed[,] twenty-five hundred dollars. In the event
   13  that  such  partnership OR LIMITED LIABILITY COMPANY contribution to any
   14  such  candidate  or  political  committee  exceeds  twenty-five  hundred
   15  dollars,  the  aggregate amount of such contribution shall be attributed
   16  to each partner OR LIMITED LIABILITY COMPANY MEMBER whose share  of  the
   17  contribution exceeds ninety-nine dollars.
   18    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00972-01-5