Relates to campaign contribution limits on corporations; requires disclosure of contributors' interests.

New York A02577 amends the election law to redefine contribution limits for corporations. It considers all controlled corporations, as defined by the IRS, as one corporation for contribution limit purposes. The bill also mandates that the treasurer of a political committee, excluding party committees, must identify and disclose the economic or other special interests of a majority of its contributors and/or organizers, along with the identity of any common employer or organizer.

Relates to campaign contribution limits on corporations; requires disclosure of contributors' interests.

New York A02577 amends the election law to redefine contribution limits for corporations. It considers all controlled corporations, as defined by the IRS, as one corporation for contribution limit purposes. The bill also mandates that the treasurer of a political committee, excluding party committees, must identify and disclose the economic or other special interests of a majority of its contributors and/or organizers, along with the identity of any common employer or organizer.