Contributions are not tax deductible as charitable contributions for income tax purposes. The maximum legal contribution is $700 per person (a person is an individual, proprietorship, firm, partnership, joint venture, syndicate, business trust, company, corporation, LLC, association, committee, or any other organization or group of persons acting in concert). An individual contribution will be aggregated with a business contribution if the individual owns 50% or more of the business or controls or directs contributions from the business. Two businesses with substantially similar boards, owners, office holders or majority shareholders, as well as two businesses that have a parent-subsidiary relationship will be aggregated under one $700 limit. Couples may give $1,400 from common funds if they both sign the check. A lobbyist or lobbying firm registered to lobby the office the candidate is seeking or the candidate’s current agency may not make a contribution.
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Paid for by Sherita J. Herring for City Council 2013 * Dist. 9, #1344378
2202 S. Figueroa St., #453, Los Angeles, CA 90007