Right now, the state caps election - cycle contribution limits at $ 150,000 for an individual
donor in a calendar year and $ 5,000 for corporations.
If
donor contributes more than $ 13,000
in one
year and elects to apply the gift tax exclusion ratably over 5
years but dies before the close of the 5
year period, the portion allocable to
calendar years beginning after the date of death is included
in the
donor's estate.