Bill Text: NY S01933 | 2019-2020 | General Assembly | Introduced


Bill Title: Restricts certain corporations from participating or intervening in any political campaign on behalf of or in opposition to any candidate for public office.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Introduced - Dead) 2019-03-07 - RECOMMIT, ENACTING CLAUSE STRICKEN [S01933 Detail]

Download: New_York-2019-S01933-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          1933
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 17, 2019
                                       ___________
        Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
          when printed to be committed to the Committee on Budget and Revenue
        AN ACT to amend the tax law, in relation  to  limitations  on  political
          activity
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph 4 of subdivision (a) of section 1116 of  the  tax
     2  law,  as  amended by chapter 270 of the laws of 2001, is amended to read
     3  as follows:
     4    (4) Any corporation, association, trust,  or  community  chest,  fund,
     5  foundation,  or limited liability company, organized and operated exclu-
     6  sively for religious, charitable, scientific, testing for public safety,
     7  literary or educational purposes, or to foster national or international
     8  amateur sports competition (but  only  if  no  part  of  its  activities
     9  involve  the  provision of athletic facilities or equipment), or for the
    10  prevention of cruelty to children or animals, no part of the  net  earn-
    11  ings  of which inures to the benefit of any private shareholder or indi-
    12  vidual, no substantial part of the activities of which  is  carrying  on
    13  propaganda, or otherwise attempting to influence legislation, (except as
    14  otherwise  provided in subsection (h) of section five hundred one of the
    15  United States internal revenue code of nineteen hundred  fifty-four,  as
    16  amended),  and which does not participate in, or intervene in (including
    17  the publishing or distributing of statements), any political campaign on
    18  behalf of or in opposition to  any  candidate  for  public  office.  The
    19  provisions of this paragraph regarding political campaign activity shall
    20  be  interpreted  in  the  same manner as section 501(c)(3) of the United
    21  States internal revenue code has been interpreted as  of  the  effective
    22  date  of  the  chapter of the laws of two thousand nineteen that amended
    23  this paragraph;
    24    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02092-01-9
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