84R10358 ATP-F
By: Burton S.B. No. 1528
A BILL TO BE ENTITLED
AN ACT
relating to corporate donations to a charity chosen by a political
contributor.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 253.100(b), Election Code, is amended to
read as follows:
(b) A corporation may make political expenditures to
finance the solicitation of political contributions to a
general-purpose committee assisted under Subsection (a) from the
stockholders, employees, or families of stockholders or employees
of one or more corporations. A donation made by a corporation to a
charitable organization selected by a person who makes a
contribution to a general-purpose committee is permissible under
this section if:
(1) the donation is made to an organization that is
exempt from taxation under Section 501(c)(3), Internal Revenue Code
of 1986;
(2) the amount of the donation does not exceed the
amount of the political contribution made by the contributor to a
general-purpose committee; and
(3) the recipient charitable organization does not
provide a financial or tangible benefit to the contributor or
corporation in return for the donation.
SECTION 2. This Act takes effect September 1, 2015.