Montana § 13-37-221 Limitations On Limited Liability Company And Partnership Contributions To Candidates -- Reporting Requirements

Montana Statutes

§ 13-37-221 — Limitations On Limited Liability Company And Partnership Contributions To Candidates -- Reporting Requirements

Montana·Title 13 ELECTIONS·Ch. 37 CONTROL OF CAMPAIGN PRACTICES·Part 2 Campaign Finance

13-37-221 . Limitations on limited liability company and partnership contributions to candidates -- reporting requirements.

(1)A candidate may only accept a contribution from a limited liability company or partnership if the limited liability company is classified and taxed as a sole proprietorship or a partnership, or the partnership is taxed as a partnership, for federal tax purposes. A candidate may not accept a contribution from a limited liability company or partnership that is taxed as a C. corporation or an S. corporation for federal tax purposes.

(2)A contribution from a limited liability company taxed as a sole proprietorship or partnership, or a partnership taxed as a partnership, for federal tax purposes must be reported under the name of the member or partner making the contr

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13-37-221 . Limitations on limited liability company and partnership contributions to candidates -- reporting requirements. (1) A candidate may only accept a contribution from a limited liability company or partnership if the limited liability company is classified and taxed as a sole proprietorship or a partnership, or the partnership is taxed as a partnership, for federal tax purposes. A candidate may not accept a contribution from a limited liability company or partnership that is taxed as a C. corporation or an S. corporation for federal tax purposes.
(2) A contribution from a limited liability company taxed as a sole proprietorship or partnership, or a partnership taxed as a partnership, for federal tax purposes must be reported under the name of the member or partner making the contribution subject to the disclosure requirements under 13-37-229 .
(3) The member or partner reported as making a contribution to a candidate is subject to individual contribution limitations under 13-37-216 .

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