Sentences with phrase «multiple limited liability companies»

They say lawmakers can act immediately to close a loophole in campaign donation laws that allow donors to skirt contribution limits by forming multiple Limited Liability companies.

The loophole has been exploited by some contributors who use multiple limited liability companies to donate vast amounts of money to certain candidates.

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.

Most donors are limited to $ 65,100 but a company that controls multiple limited liability companies can give this amount for each of them, a system the governor has derided as «a pure loophole in the campaign finance law.»

ALBANY — Since a 1996 opinion from the state Board of Elections resulted in a system in which owners of multiple limited liability companies can give effectively unlimited amounts of money to candidates for office, nobody has raised more money from LLCs than Gov. Andrew Cuomo.

That's meant that the so - called LLC loophole — an industry favorite that allows property owners and other private interest groups to pour unlimited amounts of cash into political campaigns though multiple limited liability companies — has remained in place.

They say lawmakers can act immediately to close a loophole in campaign donation laws that allow donors to skirt contribution limits by forming multiple limited liability companies.

They included limits on the outside income lawmakers can earn and closure of the «LLC loophole,» Albany parlance for the ability of single donors to use multiple limited liability companies to multiply the force of their political giving.

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.

The Skelos complaint shows how the multiple Limited Liability Companies, or LLCs, controlled by Glenwood can be used to coordinate and bundle hundreds of thousands of dollars of campaign contributions in order to buy favorable policy outcomes and tax breaks.

Cuomo also wanted to close a campaign finance loophole that allows donors to give unlimited amounts of money to candidates by setting up multiple limited liability companies.

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.

It allows donors to form multiple Limited Liability Companies to get around donation limits.

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.