senate Bill S4347

2019-2020 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Budget And Revenue Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 07, 2019 referred to budget and revenue

Co-Sponsors

S4347 (ACTIVE) - Details

See Assembly Version of this Bill:
A623
Law Section:
Tax Law
Laws Affected:
Amd §1116, Tax L
Versions Introduced in 2017-2018 Legislative Session:
S8366, A10354

S4347 (ACTIVE) - Summary

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

S4347 (ACTIVE) - Sponsor Memo

S4347 (ACTIVE) - Bill Text download pdf


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

                                  4347

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              March 7, 2019
                               ___________

Introduced  by  Sens.  KRUEGER,  RANZENHOFER,  MYRIE  --  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:

  Section  1.  Paragraph 4 of subdivision (a) of section 1116 of the tax
law, as amended by chapter 270 of the laws of 2001, is amended  to  read
as follows:
  (4)  Any  corporation,  association,  trust, or community chest, fund,
foundation, or limited liability company, organized and operated  exclu-
sively for religious, charitable, scientific, testing for public safety,
literary or educational purposes, or to foster national or international
amateur  sports  competition  (but  only  if  no  part of its activities
involve the provision of athletic facilities or equipment), or  for  the
prevention  of  cruelty to children or animals, no part of the net earn-
ings of which inures to the benefit of any private shareholder or  indi-
vidual,  no  substantial  part of the activities of which is carrying on
propaganda, or otherwise attempting to influence legislation, (except as
otherwise provided in subsection (h) of section five hundred one of  the
United  States  internal revenue code of nineteen hundred fifty-four, as
amended), and which does not participate in, or intervene in  (including
the publishing or distributing of statements), any political campaign on
behalf  of  OR  IN  OPPOSITION  TO  any candidate for public office. THE
PROVISIONS OF THIS PARAGRAPH REGARDING POLITICAL CAMPAIGN ACTIVITY SHALL
BE INTERPRETED IN THE SAME MANNER AS SECTION  501(C)(3)  OF  THE  UNITED
STATES  INTERNAL  REVENUE  CODE HAS BEEN INTERPRETED AS OF THE EFFECTIVE
DATE OF THE CHAPTER OF THE LAWS OF TWO THOUSAND  NINETEEN  THAT  AMENDED
THIS PARAGRAPH;
  § 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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