State Board of Elections Will Not Enforce Individual Contribution Limit (Updated)
In the wake of the recent federal court decision that found the state’s $150,000 cap on an individual’s aggregate contributions in violation of the U.S. Constitution, the state Board of Elections voted this week to not enforce Election Law § 14-114(8).
As a result, individuals can contribute to as many candidates, political parties or advocacy groups in New York as they choose to.
This is good news if you are extremely wealthy and inclined to make large donations to political candidates, political parties or political action committees.
The state’s $5,000 annual contribution limit for corporations remains in place.
Read news coverage from Capital NY and Newsday (behind a pay wall).
Update: A state Board of Elections spokesperson tells the New York Law Journal (also behind a paywall) that the Board’s decision not to apply the state’s $150,000 contribution cap applies to limited liability company’s (LLC’s) as well.