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Senate Bill S2052

2015-2016 Legislative Session

Relates to political contributions made by limited liability companies

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Archive: Last Bill Status - In Senate Committee Elections Committee

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2015-S2052 (ACTIVE) - Details

Current Committee:
Senate Elections
Law Section:
Election Law
Laws Affected:
Amd ยง14-120, El L
Versions Introduced in Other Legislative Sessions:
2009-2010: S5277
2011-2012: S38
2013-2014: S178

2015-S2052 (ACTIVE) - Summary

Relates to political contributions made by limited liability companies.

2015-S2052 (ACTIVE) - Sponsor Memo

2015-S2052 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2052

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 21, 2015
                               ___________

Introduced  by Sen. SQUADRON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Elections

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:

  Section 1. Subdivision 2 of section 14-120 of  the  election  law,  as
added by chapter 79 of the laws of 1992, is amended to read as follows:
  2.  Notwithstanding subdivision one of this section, a partnership, as
defined in section ten of the partnership law, OR  A  LIMITED  LIABILITY
COMPANY,  AS DEFINED IN SECTION ONE HUNDRED TWO OF THE LIMITED LIABILITY
COMPANY LAW, may be considered a separate entity  for  the  purposes  of
this  section,  and  as  such may make contributions in the name of said
partnership  OR  LIMITED  LIABILITY  COMPANY  without  attributing  such
contributions  to  the  individual members of the partnership OR LIMITED
LIABILITY COMPANY provided that any such contribution made by a partner-
ship OR LIMITED LIABILITY COMPANY to  a  candidate  or  to  a  political
committee, shall not exceed[,] twenty-five hundred dollars. In the event
that  such  partnership OR LIMITED LIABILITY COMPANY contribution to any
such  candidate  or  political  committee  exceeds  twenty-five  hundred
dollars,  the  aggregate amount of such contribution shall be attributed
to each partner OR LIMITED LIABILITY COMPANY MEMBER whose share  of  the
contribution exceeds ninety-nine dollars.
  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

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