S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4230
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2021
                                ___________
 
 Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
   tee on Election Law
 
 AN  ACT  to amend the election law, in relation to the classification of
   certain components of a controlled group of corporations as  a  single
   entity  for purposes of calculating contribution limits, and requiring
   the identification of the interests of certain contributors
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  2  of section 14-116 of the election law, as
 amended by chapter 4 of the laws of 2019, is amended to read as follows:
   2. Notwithstanding the provisions of subdivision one of this  section,
 any  corporation or an organization financially supported in whole or in
 part, by such corporation, any limited liability company or other corpo-
 rate entity may make expenditures, including contributions,  not  other-
 wise  prohibited  by  law,  for  political purposes, in an amount not to
 exceed five thousand dollars in the  aggregate  in  any  calendar  year;
 provided  that  no  public  utility shall use revenues received from the
 rendition of public service within the state for contributions for poli-
 tical purposes unless such cost is charged to the shareholders of such a
 public service corporation.  FOR THE PURPOSES OF THIS  SUBDIVISION,  ALL
 THE  COMPONENT  MEMBERS OF A CONTROLLED GROUP OF CORPORATIONS WITHIN THE
 MEANING OF SECTION ONE THOUSAND FIVE HUNDRED SIXTY-THREE OF THE INTERNAL
 REVENUE CODE OF THE UNITED STATES SHALL BE DEEMED TO BE ONE CORPORATION.
   § 2. Subdivision 1 of section 14-118 of the election law,  as  amended
 by section 9 of part A of chapter 286 of the laws of 2016, is amended to
 read as follows:
   1.  Every political committee shall have a treasurer and a depository,
 and shall cause the treasurer to keep detailed, bound  accounts  of  all
 receipts, transfers, loans, liabilities, contributions and expenditures,
 made  by  the committee or any of its officers, members or agents acting
 under its authority or  in  its  behalf.  All  such  accounts  shall  be
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD06727-01-1

 A. 4230                             2
 
 retained  by a treasurer for a period of five years from the date of the
 filing of the final statement with  respect  to  the  election,  primary
 election  or  convention  to  which  they pertain. No officer, member or
 agent  of any political committee shall receive any receipt, transfer or
 contribution, or make any expenditure or incur any liability  until  the
 committee  shall  have chosen a treasurer and depository and filed their
 names in accordance with this subdivision. There shall be filed  in  the
 office  in  which the committee is required to file its statements under
 section 14-110 of this article, within five days after the choice  of  a
 treasurer and depository, a statement giving the name and address of the
 treasurer  chosen, the name and address of any person authorized to sign
 checks by such treasurer, the name and address of the depository  chosen
 and  the  candidate  or  candidates  or ballot proposal or proposals the
 success or defeat of which  the  committee  is  to  aid  or  take  part;
 provided,  however,  that  such  statement  shall  not  be required of a
 constituted committee and  provided  further  that  a  political  action
 committee  which  makes  no  expenditures,  to  aid  or take part in the
 election or defeat of a candidate, other than in the  form  of  contrib-
 utions,  shall not be required to list the candidates being supported or
 opposed by such committee and shall also disclose the name and  employer
 for  any  individual  who  exerts operational control over the political
 action committee as well as  any  salaried  employee  of  the  political
 action  committee.    SUCH  A  STATEMENT FROM ANY COMMITTEE OTHER THAN A
 PARTY OR AUTHORIZED COMMITTEE ALSO SHALL CLEARLY IDENTIFY  THE  ECONOMIC
 OR  OTHER  SPECIAL  INTEREST,  IF  IDENTIFIABLE,  OF  A  MAJORITY OF ITS
 CONTRIBUTORS, AND IF A MAJORITY  OF  ITS  CONTRIBUTORS  SHARE  A  COMMON
 EMPLOYER,  SHALL IDENTIFY THE EMPLOYER. IF THE ECONOMIC OR OTHER SPECIAL
 INTEREST OR COMMON EMPLOYER ARE NOT IDENTIFIABLE, SUCH  STATEMENT  OF  A
 MULTI-CANDIDATE  COMMITTEE  SHALL CLEARLY IDENTIFY THE ECONOMIC OR OTHER
 SPECIAL INTEREST, IF IDENTIFIABLE, OF A MAJORITY OF ITS ORGANIZERS,  AND
 IF  A MAJORITY OF ITS ORGANIZERS SHARE A COMMON EMPLOYER, SHALL IDENTIFY
 THE EMPLOYER, AND IF ORGANIZED, CONTROLLED OR MAINTAINED BY AN  INDIVID-
 UAL,  SHALL  IDENTIFY THAT INDIVIDUAL. Such statement shall be signed by
 the treasurer and all other  persons  authorized  to  sign  checks.  Any
 change  in  the information required in any statement shall be reported,
 in an amended statement filed in the same manner and in the same  office
 as an original statement filed under this section, within two days after
 it  occurs,  except  that  any change to the mailing address on any such
 statement filed at the state board may also be made in any manner deemed
 acceptable by the state board. Only a banking organization authorized to
 do business in this state may be designated a depository hereunder.
   § 3. This act shall take effect immediately.