New York A00586 amends the election law to attribute campaign contributions exceeding $2,500 from limited liability companies to each member based on.

New York A00586 amends the election law to modify how campaign contributions from limited liability companies are attributed. Specifically, for contributions exceeding $2,500, the bill requires these contributions to be further attributed to each member of the limited liability company in proportion to their ownership interest. This change aims to provide a clearer picture of the sources of significant campaign contributions by detailing the individual financial involvement of each member within the company. The amendment takes effect immediately upon enactment.

New York A00586 amends the election law to attribute campaign contributions exceeding $2,500 from limited liability companies to each member based on.

New York A00586 amends the election law to modify how campaign contributions from limited liability companies are attributed. Specifically, for contributions exceeding $2,500, the bill requires these contributions to be further attributed to each member of the limited liability company in proportion to their ownership interest. This change aims to provide a clearer picture of the sources of significant campaign contributions by detailing the individual financial involvement of each member within the company. The amendment takes effect immediately upon enactment.