SB 156 - Establishes Limits to Election Contributions by Limited Liability Corporations - New Hampshire Key Vote
Timeline
- Senate Veto Override Failed
- Sept. 19, 2019
- Executive Vetoed
- July 10, 2019
- House "Ought to Pass" Report Adopted
- June 5, 2019
- Ought to Pass Vote
- March 28, 2019
- Introduced
- Jan. 22, 2019
Related Issues
Stage Details
Title: Establishes Limits to Election Contributions by Limited Liability Corporations
Title: Establishes Limits to Election Contributions by Limited Liability Corporations
Vetoed by Governor Chris Sununu
Title: Establishes Limits to Election Contributions by Limited Liability Corporations
Title: Establishes Limits to Election Contributions by Limited Liability Corporations
Vote Smart's Synopsis:
Vote to pass a bill that establishes limits to election contributions made by Limited Liability Corporations (LLCs), effective January 1, 2020.
Highlights:
-
Requires a LLC to be a separate entity and distinct from its members, except that political contributions made by a domestic or foreign limited liability to be allocated to the members of the LLC, for the purpose of determining compliance with contribution limits (Sec. 1).
-
Requires that for reporting contributions and determining whether a person has exceeded the contribution limit, a contribution made shall be attributed to its members as if the contribution were made by the members (Sec. 2).
-
Specifies that for a single-member LLC, the entire contribution shall be attributed to the member, and for a multi-member LLC , the contribution shall be allocated to the members on the basis of each member’s percentage membership interest in the company (Sec. 2).
Title: Establishes Limits to Election Contributions by Limited Liability Corporations