Sentences with phrase «liability company loophole»

He told WCNY's Susan Arbetter a week later that he would seek to close the so - called limited liability company loophole (and wouldn't take LLC donations in any re-election campaigns if successful in 2018).

Heastie called for closure of the so - called limited liability company loophole, «limiting big money in politics,» and pension forfeiture for lawmakers convicted of felonies.

On the campaign finance front, Cuomo also has provided an eight - proposal «a la carte» menu of options for closing the so - called limited liability company loophole, which allows a single donor to use multiple LLCs to give the maximum amount many times over.

He has also proposed closing the so - called limited liability company loophole that allows contributors to skirt maximum political donation limits; and enacting procurement reforms aimed at safeguarding against corruption.

Cuomo unveiled a package of eight bills designed to close the limited liability companies loophole late last month.

Not exact matches

A letter to Gov. Andrew Cuomo this signed by the women of color in the state Assembly urged him to push for the adoption of early voting and the closure of the loophole in election law that allows for unlimited donations through a web of limited liability companies.

Back in Albany, Senate Democrats today made a renewed push for the closure of a loophole that allows single donors to give unlimited funds through a web of limited liability companies.

Squadron has a bill that would close the loophole, which allows individuals to contribute virtually unlimited amounts of money to a campaign by funneling it through a limited liability company.

Many of the measures were listed on Cuomo's 2018 State of the State agenda, including closing a loophole in election law that allows for unlimited political donations through a network of limited liabilities companies, as well as early voting.

Longtime League of Women Voters lobbyist Barbara Bartoletti expressed frustration at the lack of action on items including closing a giant campaign finance loophole that allows big money donors to make unlimited contributions to candidates by setting up multiple Limited Liability Companies.

These developers frequently gave through use of the «L.L.C. loophole,» which treats limited liability companies as individuals for the purpose of calculating contribution limits.

They both want to close a loophole in state campaign finance laws that allows donors to use limited liability companies, or LLCs, to skirt donation limits.

Cuomo normally prefers to negotiate quietly with legislative leaders on proposals before actually writing legislation, but this time he's penned eight different versions of a bill to close the campaign donation loophole that allows unlimited contributions from limited liability companies and he's presented it to the legislature.

Cuomo supports closing the so - called LLC loophole, which exempts limited liability companies from campaign donation limits.

Horner, with NYPIRG, says the testimony illustrates the need to clean up New York's campaign finance laws by setting stricter caps on contributions and eliminating a loophole that allows donors to use LLCs or limited liability companies, to skirt existing donor limits.

They also took advantage of a loophole in campaign finance laws and bundled $ 125,000 in contributions, using limited liability companies, or LLCs, to hide the true amount of their donations.

The groups urged bans on a pay - to - play culture in Albany to limit political donations by firms seeking state contracts, closing a loophole heavily used by Cuomo and others that allow limited liability companies to skirt donation limits to politicians by private companies, creation of «truly independent» ethics oversight agencies, a public, searchable database of state economic development deals and creation of «clean contracting» systems to govern awards of state contracts.

Most notoriously, the» LLC loophole» allows anonymous donors to contribute again and again via Limited Liability Companies.

But a loophole allows companies to create unlimited amounts of limited liability corporations known as LLCs that can each give up to $ 150,000 in campaign donations.

Litwin was a top donor to Gov. Andrew Cuomo in the last election cycle, donating $ 1 million through a network of limited liability companies, a process that good - government groups have decried as a loophole in campaign finance regulations, but the state Board of Elections recently deadlocked when considering a revision to the regulation.

The loophole allows donors to skirt limitations on individual campaign contributions by donating anonymously through one or more limited liability companies.

Two decades after the legislation that created limited liability companies in New York state, the business entities have taken on a central role in the funding of political campaigns, according to a new report from state Sen. Daniel Squadron, a Democrat who has been one of the most vehement opponents of the so - called «LLC loophole.»

The loophole that allows those controlling Limited Liability Companies to donate essentially unlimited amounts of campaign contributions is an example of the loophole that swallows the law.

The commission also recommended closing loopholes, like unlimited donations by Limited Liability Companies, and creating a new independent agency to actually enforce campaign finance laws.

Close the «LLC» Loophole, which allows an individual to make an essentially unlimited number of political contributions via the Limited Liability Companies they control — a common tactic of real estate moguls.

They also took advantage of a loophole in campaign finance laws and bundled $ 125,000 in contributions, using limited liability companies to hide the true amount of their donations from the public.

The Assembly Democrats are once again proposing closing a loophole in campaign finance laws that allows Limited Liability Companies to skirt donation limits for corporations and individuals.

Cuomo also proposed closing a campaign finance loophole involving limited liability companies, that factored heavily in the corruption trials.

Cuomo normally prefers to negotiate quietly with legislative leaders on proposals before actually penning legislation, but this time he's written eight different versions of a bill to close the campaign donation loophole that allows unlimited contributions from limited liability companies (LLCs), and he's presented it to the legislature.

Miner said she would like the close the «LLC loophole,» which allows limited liability companies to donate as individuals, which can be thousands of more dollars than a company is able to donate.

Horner's group and other reformers also want to close a loophole that allows companies to skirt contribution limits by forming Limited Liability Corporations and giving, in some cases, millions of dollars to candidates.

He wants to create a public financing system, limit donations to housekeeping committees to $ 25,000, require bimonthly instead of semiannual disclosure, and close the «LLC loophole» that treats limited liability companies as individuals for the purpose of determining contribution limits.

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.

And Gaughran wants to close the loophole in election law that allows unlimited donations through limited liability companies.

In an open letter released on Tuesday, Gipson called for a special session to deal with ethics and campaign finance legislation, namely the closing of the loophole in state election that allows for unlimited donations to flow from a web of limited liability companies.

Cuomo's prescriptions in his 2016 State of the State speech included closing a legal loophole that lets campaign donors funnel unlimited sums to candidates through limited - liability companies; requiring office holders to report campaign contributions every 60 days instead of twice a year; allowing lawmakers to earn no more than 15 percent of their legislative salaries in private - sector work; and adopting a system of voluntary public campaign financing similar to what New York City has.

Cuomo has previously called for an end to the so - called loophole in election law that allows unlimited donations through limited liability companies as well as limits to the amount of money state lawmakers can earn outside of public service.

Lawmakers later today will consider a bill that would close the so - called LLC loophole, a provision in the state's campaign finance regulations that allows single donors to contribute well above the legal limit to campaigns and political causes through a web of limited liability companies.

Squadron, a Brooklyn Democrat, pushed this week have a vote in the Senate Corporations Committee to consider his bill, which would reclassify limited liability companies as corporations under the campaign finance law in order to close what many campaign finance advocates see as a major loophole in the current law.

Two decades after the legislation that created limited liability companies in New York, the business entities have taken on a central role in the funding of political campaigns, according to a new report from state Sen. Daniel Squadron, a Democrat who has been one of the most vehement opponents of the so - called «LLC loophole.»

Kaminsky announced Monday he would back a pledge that vowed to back closing the loophole in state election law that allows limited liability companies to give unlimited donations as well as limit outside income for state lawmakers and curtail the use of discretionary spending in the budget.

Their priorities: closing the campaign finance loophole that allows limited liability companies to donate like individuals, rather than businesses; limiting legislators» ability to earn money for jobs held outside the Legislature; and making the state budget process more transparent.

Critics also note the new law won't close a loophole allowing limited liability companies to circumvent campaign finance rules.

They include closing a loophole that allows donors to skirt campaign funding limits by forming multiple limited liability companies, as well as the public financing of campaigns.

During the legislative session that's slated to end Wednesday, groups backed by some of the same unions have ramped up attacks against state Senate Republicans for refusing to close another quirk in campaign finance law, the so - called «LLC loophole,» that allows real estate interests to use limited liability companies to vastly multiply the power of their giving.

ALBANY — Despite a promise to close what he himself called «loopholes» in the campaign - finance law, Gov. Cuomo has brought in $ 6.2 million for his re-election from limited liability companies...

The LLC loophole, which grew from a controversial 1996 state Board of Elections ruling, allows each limited liability company owned by a developer to give up to $ 150,000 annually to New York campaigns, the same amount an individual can give.

Some Democratic insiders expressed surprise Nixon would accept money from limited liability companies — even if she's capping how much they can give — since progressives have ripped Cuomo for exploiting that loophole.

The reforms include closing a loophole that allows donors to form limited liability companies and bypass rules that set caps on donations to candidates.

Mr. Cuomo's office had no immediate response to the proposal, which also included a plan to close the so - called L.L.C. loophole, which allows corporate interests to spend almost unlimited amounts of money on campaigns by channeling contributions through limited liability companies, which can be designed to provide little transparency.