Legal information regarding political action committees and MSSNYPAC
Corporate Contributions: The NYS Election Law places aggregate calendar year limits on the amount of political contributions that can be made by corporations.
- A corporation may make political contributions up to a total of $5,000.00, in the aggregate, in a calendar year.
A corporation usually has “PC”, “Inc.” or “Ltd” in its name.
Sole Proprietorships, LLCs, PLLCs, LLPs and PLLPs and partnerships are regarded as contributions from an individual (Personal).
For more information about NYS political contribution limits go to the website of the NYS Board of Elections http://www.elections.ny.gov/CFContributionLimits.html
Also, please note that pursuant to the Internal Revenue Code, a federally tax exempt 501(c)(3) organization may not participate in, or intervene in, any campaign of any candidate either directly or through funding (federal, state or local elections). Please consult your legal counsel if you have any question pertaining to the possible impact of political contributions on the tax exempt status of the corporation.
MSSNYPAC is a political action committee (PAC) registered with the New York State Board of Elections. We are permitted to contribute to political committees also registered with the New York State Board of Elections. We are not permitted to contribute to candidates in a federal election. MSSNYPAC is a separate segregated fund established by MSSNY in order to engage in political action. It is not required to be a member of MSSNY to contribute to MSSNYPAC.