Senate Bill S38

2011-2012 Legislative Session

Relates to political contributions made by limited liability companies

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S38 (ACTIVE) - Details

See Assembly Version of this Bill:
A5916
Current Committee:
Senate Rules
Law Section:
Election Law
Laws Affected:
Amd ยง14-120, El L
Versions Introduced in Other Legislative Sessions:
2009-2010: S5277, A7069
2013-2014: S178, A112
2015-2016: S2052, A2614

2011-S38 (ACTIVE) - Summary

Relates to political contributions made by limited liability companies.

2011-S38 (ACTIVE) - Sponsor Memo

2011-S38 (ACTIVE) - Bill Text download pdf 

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

                                   38

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced by Sens. SQUADRON, HASSELL-THOMPSON, KRUEGER, SERRANO -- 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.
                                                           LBD00058-01-1

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