By: Klick, Burrows, et al. H.B. No. 3044
A BILL TO BE ENTITLED
AN ACT
relating to political expenditures made by a corporation to finance
the solicitation of political contributions to a political
committee.
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,
including fully or partially matching contributions to an
organization that is exempt from federal income tax under Section
501(c)(3), Internal Revenue Code of 1986, 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.
SECTION 2. This Act takes effect September 1, 2019.