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A BILL TO BE ENTITLED
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AN ACT
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relating to political expenditures made by a corporation to finance |
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the solicitation of political contributions to a political |
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committee. |
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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, |
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including fully or partially matching contributions to an |
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organization that is exempt from federal income tax under Section |
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501(c)(3), Internal Revenue Code of 1986, to finance the |
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solicitation of political contributions to a general-purpose |
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committee assisted under Subsection (a) from the stockholders, |
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employees, or families of stockholders or employees of one or more |
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corporations. |
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SECTION 2. This Act takes effect September 1, 2019. |