is there a limit on what a corporation can contribute to a pac

Contribution Limits

Giving and Receiving Limits

The NYS Election Law establishes sure limits on contributions that can be given and received by candidates and political committees, too as limits on contributions that can be given by individuals and other entities. Contribution limits were established to, amongst other things, curtail the amount of influence, through money, that a correspondent can have on elections and the election process.

• What is a Contributor?
• Candidate Contribution Receipt Limits
• Contributions Limits

What is a Contributor?

A correspondent may exist an individual, a corporation, limited liability company (LLC/PLLC), some other candidate's political committee, an unincorporated union or trade organization, a PAC or any other entity such as a league or association, etc. Delight note: the funds of a candidate and the spouse of the candidate spent on the campaign are not contributions and are not subject area to limits. Even so, they must be reported on disclosure reports.

Sole proprietors' contributions are from the owner and must be listed as such.

Partnership contributions are contributions from the partners individually, but they are non listed individually until the partnership contribution exceeds $2500. In one case that threshold is crossed, the filer must also aspect the contribution to the individual partner(s).

With no other information available, checks drawn on a articulation account are assumed given by the signatory.

The New York Land Ballot Constabulary places aggregate agenda twelvemonth limits on the amount of political contributions that can exist made by corporations, LLCs, and PLLCs to New York State candidates and committees, every bit follows:

1. Corporations
   • A corporation may contribute upward to a total of $5,000 in a calendar year.
   • Each affiliated or subsidiary corporation, if a separate legal entity, has its own limit.
   • The $5,000 aggregate limit does not employ to funds given to housekeeping, contained expenditure, or ballot proposition committees.
2. LLCs/PLLCs
   • An LLC/PLLC may contribute upwardly to a total $five,000 in a calendar year.
   • All contributions fabricated to a entrada or political committee by an LLC/PLLC shall exist attributed to each fellow member of the LLC/PLLC in proportion to the fellow member's ownership involvement in the visitor. Attribution is required from the offset dollar.
   • By December 31st of whatever year in which an LLC/PLLC makes a contribution or expenditure, the LLC/PLLC must file with the New York State Lath of Elections a statement of identity of all directly and indirect owners of the membership interests in the company and the proportion of each direct or indirect member'southward ownership interest.
   • The $five,000 aggregate limit does not apply to funds given to housekeeping, independent expenditure, or ballot suggestion committees.

However the above, no individual, corporation, or other contributor may give more to a candidate or a candidate'due south authorized political committee(south) than an amount determined under the law for the office sought by the candidate. This is called the election limit. This amount is the maximum that the candidate may receive from any one contributor during the campaign wheel for the particular election.

For some offices, the law requires a formula exist used to determine the limit. In those cases, you should contact the applicative board of elections to observe out the limits.

Each Primary, General or Special ballot campaign has its ain limit. Therefore, contributors may give up to the limit for each election in which the candidate participates. Candidates and committee treasurers must ensure that the election limits are non exceeded and that those funds are spent only for the election to which they pertain unless they were surplus funds left over from a prior ballot.

The ballot limit for family members is an aggregate limit from all the candidate's family (defined equally a child, parent, grandparent, blood brother and sister and the spouses of those persons).

Candidate Contribution Receipt Limits

The charts in this section set forth the maximum election limits, calculated using the total number of enrolled or registered voters, excluding voters in inactive status, that may be received by a candidate for a particular role. (EL 14-114: NYCRR 6214.0.) Column A represents the amount that can be received from any not-family correspondent and Column B represents the corporeality that can be received in the aggregate from the family (defined as the candidate's child, parent, grandparent, blood brother, sister and the spouses of whatever such persons). These limits are subject to change and should exist verified with NYSBOE and/or applicative board.

TThis table lists Campaign Finance Contribution Not-Family and Family Limit Formulas based on Statewide Offices and Election.

		Cavalcade A	Cavalcade B
Function	Election	Non-Family Limit	Family Limit
Statewide	Principal	Full number of enrolled voters in the candidate's political party in the country, excluding voters in inactive condition, multiplied by $0.005.*	Total number of enrolled voters in the candidate'south party in the state, excluding voters in inactive status, multiplied by $0.025.
	General	$47,100**	Total number of registered voters in the state, excluding voters in inactive status, multiplied past $0.025.
New York State Senate	Main	$7,500	Total number of enrolled voters in the candidate's political party in the district, excluding voters in inactive condition, multiplied by $0.25, only at least $20,000, and no more than than $100,000.
	General	$11,800	Total number of registered voters in the candidate's district, excluding voters in inactive condition, multiplied by $0.25, but at least $20,000, and no more than $100,000.
New York State Associates	Primary	$4,700	Total number of enrolled voters in the candidate'southward party in the district, excluding voters in inactive status, multiplied past $0.25, just at least $12,500, and no more than than $100,000.
	General	$four,700	Full number of registered voters in the candidate's district, excluding voters in inactive status, multiplied by $0.25, but at least $12,500, and no more than than $100,000.
New York Urban center Offices of Mayor, Public Advocate, and Comptroller	Primary	Full number of enrolled voters in candidate's political party in the city, excluding voters in inactive status, multiplied by $0.05*	Total number of enrolled voters in the candidate's party in the city, excluding voters in inactive status, multiplied past $0.25, merely at least $1,250, and no more than $100,000.
	Full general	$47,100	Full number of registered voters in the city, excluding voters in inactive status, multiplied past $0.25, but at least $ane,250, and no more than than $100,000.

* The formula amount upward to $22,600, only at least $vii,500.
**Candidates running jointly for the offices of governor and lieutenant governor in a full general or special election shall be deemed to be one candidate" for limit purposes. NYS Election Law §14-114 (seven).

Annotation: Candidates opting into the New York City Public Financing plan should check with that New York City Campaign Finance Lath for further limitations.

This table lists Entrada Finance Contribution Non-Family unit and Family Limit Formulas based on Other Public Offices and Election.

		Cavalcade A	Column B
Office	Election	Non-Family unit Limit	Family Limit
All Other Public Offices*** and Supreme Court Justice	Primary	Full number of enrolled voters in the candidate's party in the district, excluding voters in inactive status, multiplied by $0.05, but at least $1,000, and no more than $50,000.	Total number of enrolled voters in the candidate'southward party in the district, excluding voters in inactive condition, multiplied by $0.25, but at least $ane,250, and no more than $100,000.
	Full general	Total number of registered voters in the candidate'due south district, excluding voters in inactive status, multiplied by $0.05, but at least $i,000, and no more than $50,000.	Total number of registered voters in the candidate's district, excluding voters in inactive status, multiplied past $0.25, but at to the lowest degree $1,250, and no more than $100,000.

***Contact local lath(southward) of elections for contribution limits (based on number of enrolled/registered voters) for local candidates. The general election limit applies to special elections too.

Delight recollect that these limits are for the unabridged election bike. More often than not, the Ballot Bike is either two or four years. Where the limit exceeds $5,000, a corporation/LLC/PLLC is yet restricted to its limit of $5,000 in a agenda twelvemonth. Just, it may give during each year of the election up to the bottom of its or the candidate's limit.

The person making a contribution, as well as the person receiving information technology, are responsible to ensure that the limits are not exceeded.

• The contribution limit for family members is an aggregate limit from all the candidate'due south family members (defined as a kid, parent, grandparent, brother and sister and the spouses of those persons.)
• Ballot Issues - In that location are no limits on contributions for ballot problems.
• Political party or Constituted Committees - these committees may receive no more $117,300 from any individual contributor in a calendar yr and up to $5,000 from a corporation/LLC/PLLC.
• Housekeeping - there are no limits on contributions to a Party or Constituted committee for Housekeeping expenses.

Unless otherwise designated in writing, a contribution is deemed attributable to the very next election in which the candidate participates. Contributions allocated to prior campaigns (to pay outstanding debts) must remain within the limits applicable to that election.

Contribution Limits

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Source: https://www.elections.ny.gov/CFContributionLimits.html

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