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Contribution Limits and Guidelines for DiNapoli for New York

Contributions to DiNapoli for New York are not deductible for federal income tax purposes. The maximum permissible contribution is $18,000 ($9,000 for the primary/$9,000 for the general). Federal PACs can give up to the limit, but must register with the NYS Board of Elections for contributions exceeding $1,000 in a calendar year. Partnerships that make contributions exceeding $2,500 will be required to specifically identify the partners responsible for the contribution, and that amount will be counted against each partner’s individual contribution limit. Total contributions from a corporation or limited liability company (LLC) may not exceed $5,000 per calendar year to all New York state and local political committees. All contributions made to a campaign or political committee by an LLC shall be attributed to each member of the LLC in proportion to the member’s ownership interest in the LLC. Corporations, other entities and individuals are strictly prohibited from reimbursing another person or entity for making a contribution. All contributors must be US citizens or permanent resident aliens (green card holder). Pursuant to SEC Rule 206(4)-5, contributions by investment advisors and covered associates are regulated; the Rule should be consulted.