HF 1953

as introduced - 88th Legislature (2013 - 2014) Posted on 02/25/2014 02:06pm

A bill for an act
relating to political contributions; requiring that certain expenditures be made
from taxable funds; amending Minnesota Statutes 2012, section 10A.27, by
adding a subdivision.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2012, section 10A.27, is amended by adding a
subdivision to read:

new text begin Subd. 14a. new text end

new text begin No pretax contributions. new text end

new text begin To ensure equal treatment under the law
and equal opportunity for political participation, political contributions and independent
expenditures of funds derived from revenues of a corporation or limited liability company
may be made only from funds that have been reported, or will be required to be reported,
as income on individual income tax returns, such as corporate dividends, salaries, wages,
commissions, bonuses, and capital gains. This subdivision applies to contributions and
independent expenditures for all federal, state, and local races.
new text end