State of Elections

William & Mary Law School | Election Law Society

Tag: Dean Skelos

NY Loophole Allows Individual’s $4.3 Million in Direct Contributions, Part II

By: Dan Carroll

As detailed in a recent State of Elections post, a misguided 1996 New York State Board of Elections (BOE) decision treating limited liability companies (LLCs) as individual people rather than corporate entities. The decision allows LLCs to directly contribute up to $60,800 to an individual candidate for statewide office while traditional corporate entities are limited to $5,000 in aggregate contributions to all candidates in a year. LLCs need not disclose the identities of their founders, membership or officers, so their political activities are difficult to link to their funders.

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NY Loophole Allows Individual’s $4.3 Million in Direct Contributions

By: Dan Carroll

Given the controversy surrounding the Supreme Court’s decisions upending federal campaign finance law in Citizens United v. Federal Election Commission and McCutcheon v. Federal Election Commission, the average voter might be surprised to find out that federal law still prohibits corporations from making direct contributions to candidates for federal office and limits the amount individuals can contribute to a particular campaign. On the other hand, twenty-two states allow but limit direct contributions from corporations to candidates for state office.

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