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A01926 Summary:

BILL NOA01926
 
SAME ASSAME AS S00496, SAME AS S07022
 
SPONSORKavanagh (MS)
 
COSPNSRSimon, Zebrowski, Cahill, Miller MG, Gottfried, Jaffee, Galef, Abinanti, Woerner, Buchwald, Colton, Magnarelli, Mayer, Mosley, Santabarbara, Skoufis, Cook, Bronson, Rosenthal L, Ryan, Barrett, Fahy, Jenne, Steck, Rozic, Simotas, Ortiz, Blake, Quart, Dinowitz, Peoples-Stokes, Lifton, Cusick, Titone, Hunter, Stirpe, Jean-Pierre, O'Donnell, Paulin, Solages, Barnwell, Carroll, Wallace, Seawright, Lupardo, D'Urso
 
MLTSPNSREnglebright, Glick, Magee, McDonald, Schimminger, Thiele
 
Amd §§14-116 & 14-120, El L
 
Relates to political contributions by limited liability companies.
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A01926 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1926
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 17, 2017
                                       ___________
 
        Introduced by M. of A. KAVANAGH, SIMON, ZEBROWSKI, CAHILL, M. G. MILLER,
          GOTTFRIED, JAFFEE, GALEF, ABINANTI, WOERNER, BUCHWALD, COLTON, MAGNAR-
          ELLI,  MAYER, MOSLEY, SANTABARBARA, SKOUFIS, COOK, BRONSON, ROSENTHAL,
          RYAN, BARRETT, FAHY,  JENNE,  STECK,  ROZIC,  SIMOTAS,  ORTIZ,  BLAKE,
          QUART,  DINOWITZ,  PEOPLES-STOKES,  LIFTON,  CUSICK,  TITONE,  HUNTER,
          STIRPE, JEAN-PIERRE, O'DONNELL, PAULIN, SOLAGES -- Multi-Sponsored  by
          --  M.  of A.  ENGLEBRIGHT, FARRELL, GLICK, LUPARDO, LUPINACCI, MAGEE,
          McDONALD, SCHIMMINGER, SEAWRIGHT, THIELE -- read once and referred  to
          the Committee on Election Law
 
        AN ACT to amend the election law, in relation to political contributions
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 14-116 of the election law, subdivision 1 as redes-
     2  ignated by chapter 9 of the laws of 1978 and subdivision 2 as amended by
     3  chapter 260 of the laws of 1981, is amended to read as follows:
     4    § 14-116. Political contributions by certain  organizations.  1.    No
     5  corporation  [or], limited liability company, joint-stock association or
     6  other corporate entity doing business in this  state,  except  a  corpo-
     7  ration  or  association  organized  or maintained for political purposes
     8  only, shall directly or indirectly pay or use or offer, consent or agree
     9  to pay or use any money or property for  or  in  aid  of  any  political
    10  party, committee or organization, or for, or in aid of, any corporation,
    11  limited liability company, joint-stock [or], other association, or other
    12  corporate entity organized or maintained for political purposes, or for,
    13  or  in  aid of, any candidate for political office or for nomination for
    14  such  office,  or  for  any  political  purpose  whatever,  or  for  the
    15  reimbursement or indemnification of any person for moneys or property so
    16  used.  Any  officer,  director, stock-holder, member, owner, attorney or
    17  agent of any corporation [or], limited  liability  company,  joint-stock
    18  association  or  other  corporate  entity  which  violates  any  of  the
    19  provisions of this section, who participates in, aids, abets or  advises
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00443-01-7

        A. 1926                             2
 
     1  or consents to any such violations, and any person who solicits or know-
     2  ingly receives any money or property in violation of this section, shall
     3  be guilty of a misdemeanor.
     4    2.  Notwithstanding the provisions of subdivision one of this section,
     5  any corporation or an organization financially supported in whole or  in
     6  part, by such corporation, any limited liability company or other corpo-
     7  rate  entity  may make expenditures, including contributions, not other-
     8  wise prohibited by law, for political purposes,  in  an  amount  not  to
     9  exceed  five  thousand  dollars  in  the aggregate in any calendar year;
    10  provided that no public utility shall use  revenues  received  from  the
    11  rendition of public service within the state for contributions for poli-
    12  tical purposes unless such cost is charged to the shareholders of such a
    13  public service corporation.
    14    3.  Each limited liability company that makes an expenditure for poli-
    15  tical purposes shall file with the state board of elections, by December
    16  thirty-first of the year in which the expenditure is made, on  the  form
    17  prescribed  by  the state board of elections, the identity of all direct
    18  and indirect owners of the membership interests in the limited liability
    19  company and the proportion of each direct or indirect member's ownership
    20  interest in the limited liability company.
    21    § 2. Section 14-120 of the election law is amended  by  adding  a  new
    22  subdivision 3 to read as follows:
    23    3. (a) Notwithstanding any law to the contrary, all contributions made
    24  to  a  campaign  or  political  committee by a limited liability company
    25  shall be attributed to each member of the limited liability  company  in
    26  proportion  to  the member's ownership interest in the limited liability
    27  company.
    28    (b) If, by  application  of  paragraph  (a)  of  this  subdivision,  a
    29  campaign  contribution is attributed to a limited liability company, the
    30  contributions shall be further attributed to each member of the  limited
    31  liability  company  in  proportion to the member's ownership interest in
    32  the limited liability company.
    33    (c) The state board of elections shall enact regulations that  prevent
    34  the  avoidance  of the rules set forth in paragraphs (a) and (b) of this
    35  subdivision.
    36    § 3. This act shall take effect immediately.
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