Sentences with phrase «liability corporation loophole»

More specifically, Schneiderman is calling for higher contribution limits, the closing of a limited liability corporation loophole which he says «allows wealthy interests to funnel limitless amounts to campaigns,» as well as for the elimination of the housekeeping committees used by the state's political parties.

Not exact matches

«State and local tax revenues will likely continue to fluctuate in the coming quarters as various entities, including states, high - income taxpayers, pass - through entities, corporations, and tax professionals are examining the new rules of the game, exploring loopholes, and looking into ways to minimize tax liability in light of the new provisions of the TCJA,» Daydan wrote.

The loopholes that allow blood usage is to save the Watchtower corporation money from blood death liability suits.

But, Cuomo has said he will call for closure of a loophole in campaign finance laws that allows donors to skirt the $ 5,000 limit for businesses by disguising the donations through multiple limited liability corporations.

Assembly Speaker Carl Heastie, Election Law Committee Chair Michael Cusick and Assemblyman Brian Kavanagh today announced the Assembly's approval of legislation to close the Limited Liability Corporation (LLC) loophole in the state's campaign finance laws in order to bring greater transparency and accountability to elections for public office in New York State.

Campaign cash from limited liability corporations — Arwin 88th Street LLC, Columbus 60th Realty LLC and Briar Hill Realty LLC are but a few connected to Glenwood — is now the subject of intense scrutiny as good - government groups demand lawmakers close loopholes that have allowed LLCs to make political contributions with so few constraints.

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.

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.

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

They recommend enacting New York City style public campaign financing for statewide elections, and closing loopholes that allow limited liability corporations and party housekeeping accounts to blatantly shirk existing limits for campaign contributions.

They say loopholes, including donations to party housekeeping accounts, and the use of LLC's Limited Liability Corporations, can increase that amount several times over.

NYPIRG and other reform groups say larger, more systematic issues need to be addressed, like closing a loophole that permits donors to skirt contribution limits by bundling money in limited liability corporations, or LLC's.

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.

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.

The newspaper reports Cuomo, who once campaigned against the use of LLCs or Limited Liability Corporations as a convenient loophole to get around campaign donation limits, himself received 20 percent of his $ 47 million in donations from LLCs.

Cuomo appears to have given up on the state Legislature taking action to close the notorious LLC loophole, which allows wealthy donors to subvert campaign finance laws by creating multiple limited liability corporations that can each give more than $ 60,000 to a candidate's campaign.

Senate Democrats on Monday unveiled a package of ethics reform legislation that would cap outside income, strengthen disclosure requirements and close a loophole in campaign finance laws that guarantees unlimited contributions from limited liability corporations.

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 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 corporations under the campaign finance law in order to close what many campaign finance advocates see as a major loophole in the current law.

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.

Ryan also believes Ortt's plan should address campaign donation limits and a loophole that allows limited liability corporations to circumvent them.

This bizarre legal loophole allows essentially unlimited contributions to state political campaigns by allowing people to make contributions via an unlimited number of Limited Liability Corporations, or shell companies.

For starters, he should try to close the loophole that allows secretive limited liability companies to contribute as much as individuals can to candidates in statewide races, thus evading the much lower limits imposed on corporations.

The state needs to close damaging loopholes that allow unlimited donations for party slush funds or that allow the creation of multiple limited liability corporations to evade contribution limits.

The loophole allows multiple limited liability corporations owned by the same person to donate to candidates, thereby skirting regulations that cap donations from individuals at a certain amount per election cycle.

Government reform groups say there are a number of loopholes in New York's campaign finance regulations, and that LLC's, or Limited Liability Corporations, are part of the problem.

Susan Lerner, with Common Cause, is pleased with Cuomo's call, once again, to eliminate a loophole in the campaign finance law that allows donors to form numerous limited liability corporations and exceed the $ 5000 a year limit for businesses.

It's tiring to hear the governor say that «you can only live within the system that exists» while he rakes in campaign cash that comes overwhelmingly in donations of $ 10,000 or more and takes advantage of a loophole that treats limited liability corporations as individuals when they make campaign contributions, even if they're controlled by one individual.

They recommend enacting New York City - style public campaign financing for statewide elections, and closing loopholes that allow limited liability corporations and party housekeeping accounts to blatantly shirk existing limits for campaign contributions.