SF 645

as introduced - 88th Legislature (2013 - 2014) Posted on 02/22/2013 08:58am

A bill for an act
relating to political contributions; to ensure equal protection by requiring certain
political contributions and expenditures be from funds subject to individual
income tax; amending Minnesota Statutes 2012, section 211B.15, by adding a
subdivision.

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

Section 1.

Minnesota Statutes 2012, section 211B.15, is amended by adding a
subdivision to read:

new text begin Subd. 2a. new text end

new text begin Contributions subject to income tax. new text end

new text begin To ensure equal protection,
political contributions of funds derived from the revenues of a corporation may be made
only from funds that have been reported or will be required to be reported as income
on individual income tax returns in the same way that corporate dividends, salaries,
wages, commissions, bonuses, and capital gains are required to be reported as income on
individual income tax returns. "Political contributions" includes independent expenditures
and contributions for independent expenditures.
new text end