Proceeds will benefit Schepisi for Senate. New Jersey law prohibits entities operating in certain regulated industries (casinos, financial institutions, insurance companies, utilities) from contributing. Election Law allows contributions with a limit of $5,200 per election from individuals and corporations and $16,400 per election from PAC’s.
A partnership or limited liability company may not contribute as an entity. However, a check from a partnership or limited liability company may be accepted so long as it is accompanied by a letter allocating the contribution to the individual partner(s) or member(s) and is signed by each contributing partner or member. The letter must include each contributing partner’s or member’s home address. A partner’s total contribution, through the partnership or limited liability company and personally, cannot exceed the $5,200 per election limit.
Contributions are not deductible for income tax purposes.
Paid for by Schepisi for Senate, PO Box 8656, Somerville, NJ 08876
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