In New York,traditional corporations can donate a maximum of $5000 to one or more candidates. But limited liability companies are treated like individuals, which means they can give as much as $60800 to a candidate.whether an entity wants to give more, and it simply can simply create more LLC's — with each one giving up to $60800. It's a loophole in the law that has lead to a proliferation of LLCs that allow entities to influence legislators.
Gov. Andrew Cuomo has benefited from donations from LLCs,but he has also called for the closure of the loophole since his first race for governor in 2010. On Tuesday, with less than a month to fade in the legislative session, and he proposed a package of bills that would give LLCs the same status as traditional corporations.
He has support from the State Assembly,but Republicans in the Senate were dismissive. Republican Majority Leader John Flanagan called it a red herring. He said abuse of the campaign contribution rules should be address with greater transparency and enforcement.
Source: wnyc.org