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Key Votes

SB 156 - Establishes Limits to Election Contributions by Limited Liability Corporations - New Hampshire Key Vote

Timeline

Issues Related to SB 156

Stage Details

Legislation - Vetoed (Executive) -

Title: Establishes Limits to Election Contributions by Limited Liability Corporations

Legislation - Bill Passed (House) (212-139) -

Title: Establishes Limits to Election Contributions by Limited Liability Corporations

Legislation - Passage (Senate) (13-11) - (Key vote)
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Title: Establishes Limits to Election Contributions by Limited Liability Corporations

Vote Result
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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).

Legislation - Introduced (Senate) -

Title: Establishes Limits to Election Contributions by Limited Liability Corporations

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