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A BILL TO BE ENTITLED
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AN ACT
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relating to corporate donations to a charity chosen by a political |
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contributor. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 253.100(b), Election Code, is amended to |
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read as follows: |
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(b) A corporation may make political expenditures to |
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finance the solicitation of political contributions to a |
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general-purpose committee assisted under Subsection (a) from the |
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stockholders, employees, or families of stockholders or employees |
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of one or more corporations. A donation made by a corporation to a |
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charitable organization selected by a person who makes a |
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contribution to a general-purpose committee is permissible under |
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this section if: |
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(1) the donation is made to an organization that is |
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exempt from taxation under Section 501(c)(3), Internal Revenue Code |
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of 1986; |
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(2) the amount of the donation does not exceed the |
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amount of the political contribution made by the contributor to a |
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general-purpose committee; and |
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(3) the recipient charitable organization does not |
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provide a financial or tangible benefit to the contributor or |
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corporation in return for the donation. |
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SECTION 2. This Act takes effect September 1, 2015. |