MSSNYPAC is a political action committee (PAC) registered with the New York State Board of Elections. MSSNYPAC is a separate segregated fund established by MSSNY to engage in political action. It is not required to be a member of MSSNY to contribute to MSSNYPAC. Any person or entity who supports a patient's right to access quality medical care from physicians and to create an environment where medical practices in New York State may thrive, is welcome to contribute to MSSNYPAC.
MSSNYPAC is permitted to contribute to political committees also registered with the New York State Board of Elections including constituted party committees, majority and minority party committees in the NYS Senate and NYS Assembly, and individual candidates for NYS Senate, NYS Assembly and statewide offices in New York State. We are not permitted to contribute to candidates running in a federal election neither are we at liberty to make independent expenditures.
Receiving contributions from individuals
There is no enforceable limit imposed upon the amount of an individual's personal income/assets that can be spent on political activities. There is no limint to the amount of contributions MSSNYPAC can receive from an individual. However, it's important to note that many types of political committees do have limitations all political committees have limitations on how much money that can be received by any individual or entity. Sole Proprietorships, LLPs and PLLPs and unincorporated partnerships are regarded as contributions from an individual.
Contributions from Partnerships are recorded in the name of the partnership until the aggregate annual donation exceeds $2,500 at which point disclosure of the individual partners is required.
Receiving contributions from corporations
The NYS Election Law places aggregate calendar year limits on the amount of political contributions that can be made by corporations. A corporation may make political contributions up to a total of $5,000.00, in the aggregate of all political contributions, in a calendar year. There are some political committees that are exempt from this $5,000 limit. A corporation usually has "PC", "Inc.", "Corp.", "Ltd", "PLLC", or "LLC" in its name and should be identifiable in the NYS Corporations Database or by its Federal Tax Exempt Status.
(Professional) Limited Liability Companies (LLC or PLLC).
Also, please note that pursuant to the Internal Revenue Code, a federally tax exempt 501(c)(3) organization may not participate in, or intervene in, any campaign of any candidate either directly or through funding (federal, state or local elections). Please consult your legal counsel if you have any question pertaining to the possible impact of political contributions on the tax exempt status of the corporation.
- LLCs/PLLCs are limited to an aggregate $5,000 annual contribution limit.
- All contributions made to a campaign or political committee by a limited liability company shall be attributed to each member of the limited liability company in proportion to the member’s ownership interest in the limited liability company.
- By December 31st of each year, each LLC that makes an expenditure or contribution shall file with the NYSBOE, a statement of the identity of all direct and indirect owners of the membership interests in the LLC and the proportion of each direct or indirect member’s ownership interest in the LLC.