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Int 1456-2019

Classifying credit card processing fees and bank fees as exempt expenditures.

IntroductionFiledCommittee on Governmental Operationsintroduced 2019-02-28

Filed — closed without being enacted.

Official record · Legistar

Agenda: 2019-02-28Passed: 2021-12-31

Summary

This bill would provide that credit card processing fees paid by a campaign for contributions received by the campaign and any bank fees paid by the campaign would not count against the expenditure limitation for that campaign.

Committee on Governmental OperationsMunicipal governmental structure and organization, Department of Citywide Administrative Services, Office of Administrative Trials and Hearings, Community Boards, Tax Commission, Board of Standards and Appeals, Campaign Finance Board, Board of Elections, Voter Assistance Commission, Commission on Public Information and Communication, Department of Records and Information Services, Financial Information Services Agency and Law Department.

How it compares

32% of similar bills passed

16 passed · 34 died

This bill: 1037 days in committee

Similar bills: median 313 days · 114 days when passed

Sponsors (5)

Lifecycle

IntroducedIntroduced by Council
2019-02-28 · City Council
ActionReferred to Comm by Council
2019-02-28 · City Council
ClosedFiled (End of Session)
2021-12-31 · City Council

Heard at (1)

City Council · 2019-02-28 · 1:30 PM · Council Chambers - City Hall

Attachments (5)

Full text
Be it enacted by the Council as follows: Section 1. Section 3-706 of the administrative code of the city of New York is amended by adding a new subdivision 6 to read as follows: 6. Expenditures for credit card processing fees for contributions received by the candidate and his or her principal committee and for any bank fees shall not be limited by the expenditure limitation of paragraph a of subdivision 1 of this section. � 2. This local law takes effect 120 days after it becomes law, except that the campaign finance board may take all actions necessary for the implementation of this local law, including the promulgation of rules, prior to such effective date, and except that section one of this local law shall apply to any expenditure made prior to the effective date in furtherance of a covered election that occurs after such effective date. NAB LS #9528 2/6/2019 1 2