Sentences with phrase «close llc»

The trouble to roll over to a 401k is not that big of a deal and you could simply close the LLC.

Senator Daniel Squadron, who sponsors the Senate bill to close the LLC Loophole, criticized the Senate Majority's removal of a measure from the budget resolution in a statement referencing the recent firing of U.S. Attorney Preet Bharara, who has famously crusaded against corrupt Albany lawmakers, including the former leaders of both legislative houses.

Campaign finance reform is currently a hot button issue in the New York State Legislature where a bill to close the LLC loophole, which allows unlimited campaign contributions to individuals and parties through multiple LLCs, has languished in the state Senate.

Start public campaign financing, close the LLC loophole in campaign finance regulations, and ban the use of campaign contributions for the legal defense funds of elected officials.

While some ethics reform provisions were included (such as mandatory reporting of outside income and stricter per diem regulations), there was no major campaign finance reform, nor did the legislature close the LLC loophole that allows wealthy corporations to skirt campaign contribution limits.

The Board members are appointed by the political parties, and the governor, given his immense political power, can force a debate to close the LLC loophole.

The Democratic - controlled state assembly passed a measure to close the LLC loophole, Governor Cuomo put the measure in his budget but later pulled it, saying he wanted to pursue the issue in the second half of the session.

There's a chance the Legislature will pass reforms in campaign finance law to close the LLC loophole, DeFrancisco said.

He voted for pension forfeiture and increasing penalties for law - breakers, but also wants to eliminate legislators» outside income, close the LLC loophole, reform campaign financing and provide district attorneys with more tools to prosecute corrupt politicians.

Legislators must act now to close the LLC loophole created by the board of elections.

Senator Squadron and Assembly Member Kavanaugh sponsored legislation to close the LLC loophole, and they have been vigorously backed by Senators Liz Krueger, Brad Hoylman and Jose M. Serrano.

As published in Our Town Op - Ed: Close the LLC Loophole By Bessie Schachter Since I was elected to the New York State Democratic Committee last September, I've tried to schedule regular meetings with East Siders.

Sen. Dan Squadron, who is the sponsor of the bill to close the LLC loophole, says he believes that if both houses of the legislature passed the measure, the governor would sign it.

I call on the Legislature to close the LLC loophole this year.

Sen. Daniel Squadron to Sen. Michael Ranzenhofer, chair of the chamber's Corporations Committee: My bill to close LLC loophole is pending in your committee, when will it be taken up?

Close the LLC «loophole.»

The Assembly has already approved a bill to close the LLC loophole.

This past spring, I co-sponsored key legislation that the New York State Assembly passed with strong bipartisan support that would close the LLC loophole (A.6975 - B).

On May 24, Cuomo offered an «a la carte menu» of bills to close the LLC loophole, and dared lawmakers to pass as many of them as they pleased.

The hope of all hopes was that perhaps public outrage would move lawmakers to close the LLC loophole, «maybe level the playing field so we would have a shot against the real estate industry.

The Assembly voted to close the LLC loophole, allowing limited liability corporations to make donations totaling $ 5,000 and requiring them to identify the individuals who make the donations in the LLC's name.

At 11 a.m., Common Cause / NY will hold a conference call to release a new report on contributions to party housekeeping accounts in New York and call on the governor and the Legislature to close the LLC loophole.

«You can keep them in Albany until they take the corrupting influence of big corporate money seriously and close the LLC loophole that currently allows corporations to contribute unlimited sums of money into our political system.

On campaign finance reform, Cuomo again this year said he wanted to close the LLC loophole, which allows limited liability companies to donate to campaigns under the same provisions to which individuals, providing virtually unlimited opportunities for entities to donate cash.

The push began on Tuesday with an unveiling of eight bills designed to close the LLC loophole in state election, all impacting different houses, but all touching gubernatorial campaigns.

The proposal, along with an effort to close the LLC loophole in the state's campaign finance law, comes a week before lawmakers are due to leave Albany for the rest of the year.

Q: Governor, why didn't your ethics plan close the LLC loophole, which allows LLCs to be treated as individuals under the law?

While the governor proposes a spate of ethics reforms every year, efforts to reign in outside income and close the LLC loophole ultimately always end up fizzling.

Governor Cuomo has tried unsuccessfully, to close the LLC loophole.

Assembly Approves Bill to Close LLC Loophole in State Law to Help Establish a Level Playing Field in Elections Legislation to Hold Limited Liability Corporations to Same Accountability Provisions and Campaign Contribution Limits as Corporations

Good government groups, who have been calling on state lawmakers to close the LLC loophole for years, applauded Cuomo's proposal.

The Assembly voted to close the LLC loophole in campaign finance laws, cap contributions by limited liability corporations at $ 5,000 and require them to identify the individuals who make the donations in the LLC's name, and limit lawmakers» outside income to 40 percent of the annual salary of state Supreme Court justices.

«If we are going to restore public confidence in our state government, it essential that the Republican Senate Majority join the Assembly and the Governor to pass this legislation to close the LLC loophole, one of the most egregious gaps in the laws that are intended to ensure the integrity of our campaign finance system,» said Assemblymember Brian Kavanagh, who sponsors the bill in the Assembly.

Squadron and Kavanagh's bills to close the LLC Loophole passed the Assembly with broad bipartisan support in 2015, including Speaker Carl Heastie, but were blocked from a full Senate vote by the Senate Majority.

«A proposal to close the LLC loophole is a red herring that fails to fundamentally address the root cause of the problems that exist within our campaign finance system, most notably a lack of enforcement, a lack of transparency, and a lack of full and honest disclosure,» Flanagan said.

SQUADRON, KAVANAGH, ELECTEDS, ADVOCATES CALL TO CLOSE LLC LOOPHOLE IN BUDGET Electeds: With LLC Loophole Protected by Senate Majority, Budget Best Chance for Reform NEW YORK — Today, State Senator Daniel Squadron, Assemblymember Brian Kavanagh, and 42 co-sponsors of their bill to close the LLC Loophole (S. 60 / A.6975), called on Governor Cuomo to include closing the LLC Loophole in his Executive Budget proposal, and to ensure that it is closed in the final enacted budget.

ALBANY — Today State Senator Daniel Squadron, State Senator Todd Kaminsky, State Senators Liz Krueger, Gustavo Rivera, Neil Breslin, Velmanette Montgomery, George Latimer, and Brad Hoylman, Assemblymembers Brian Kavanagh and Jo Anne Simon, Citizen Action NY, League of Women Voters of NYS, Common Cause / NY, and Citizens Union urged Senate passage of Squadron's bill to close the LLC Loophole (S60B / A6975C - Kavanagh).

«This year, I am introducing eight different bills to close the LLC loophole - one for each elected office in the state.

A Kavanagh bill to close the LLC loophole passed the Assembly with bipartisan support last year.

But under a proposal from Cuomo on Tuesday, New York would close the LLC loophole that allows those businesses to donate almost unlimited amounts to state politicians.

We should correct this immediately and close the LLC loophole once and for all.»

«To expand accountability and disclosure in campaign fund raising, the Assembly has passed this legislation to close the LLC loophole for several years because we believe it's critical to ensuring the integrity of our electoral and political process.»

However, the fight for meaningful ethics reform can not stop there, all of our state lawmakers must make the same commitment and pledge to close the LLC loophole,» said Dick Dadey, Executive Director of Citizens Union.

He released eight different versions of a bill to close the LLC loophole on Tuesday.

He ticked them off, item by item: «Four, close the LLC loophole, which is a pure loophole in the campaign finance law; five, more disclosure for local elected officials; six, institute public financing and additional campaign finance reforms...»

«The Governor will continue to lead the fight to close the LLC loophole and is 100 percent focused on flipping the State Senate and forming a Democratic Senate majority so we can enact comprehensive campaign finance reform,» campaign spokeswoman Abbey Fashouer said.

Under the banner of «Advancing the Democracy Agenda,» the governor's 14 - point plan lays out a familiar suite of reforms, including ethics proposals that «close the LLC loophole» in political spending, procurement reform that would more closely monitor how state contracts are awarded and voting reforms like same - day voter registration and early voting.

In one of his 2017 state of the state addresses, Cuomo called on the Legislature to «close the LLC loophole, which is a pure loophole in campaign finance law.»

Cuomo has proposed a bill to close the LLC loophole for the past several years, but it has stalled in the state Senate.

State Senator Daniel Squadron --(D) Manhattan, Brooklyn — has been a vocal critic of the State Lawmaker's failure to close the LLC loophole, which allows individuals to sidestep (some would say un) reasonable contribution limits.