2008 Regular Session

SENATE BILL 245

File Code: Elections Prior Year Introduction As: SB 227/07
Sponsored By:
Senators Frosh, Brochin, Dyson, Pinsky, and Raskin
Entitled:
Campaign Finance - Affiliated Business Entities - Attribution of Contributions

Synopsis:

Requiring that campaign finance contributions by two or more business entities be attributed to one business entity if one is a wholly owned subsidiary of another or if the business entities are owned or controlled by at least 80% of the same individuals; defining the term "business entity" to include a corporation, a general or limited partnership, a limited liability company, or a real estate investment trust; and applying the Act prospectively.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
1/23
First Reading Education Health and Environmental Affairs
2/13
Hearing 2/27 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Brian E. Frosh, District 16
Senator James Brochin, District 42
Senator Roy P. Dyson, District 29
Senator Paul G. Pinsky, District 22
Senator Jamie Raskin, District 20

Bill indexed under the following Subjects:

Campaign Financing
Corporations -see also- Municipal Corps; Public Corps & Inst
Gifts
Limited Liability Companies
Partnerships
Real Estate Investment Trusts

Bill affects the following Statute:

Election Law
( 13-226 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered