§ 1-1163.34. Partnership contributions.

Current through October 23, 2012

(a) A contribution by a partnership shall be attributed to each partner:

(1) In direct proportion to his or her share of the partnership profits, according to instructions that shall be provided by the partnership to the political committee or candidate; or

(2) By agreement of the partners, as long as:

(A) Only the profits of the partners to whom the contribution is attributed are reduced (or losses increased); and

(B) These partners' profits are reduced (or losses increased) in proportion to the contribution attributed to each of them.

(b) A contribution by a partnership shall not exceed the limitations on contributions pursuant to this part. No portion of such contribution may be made from the profits of a corporation that is a partner.

                
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(Apr. 27, 2012, D.C. Law 19-124, § 334, 59 DCR 1862.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For history of Law 19-124, see notes under § 1-1161.01.