13-37-221: Limitations on limited liability company and partnership contributions to candidates -- reporting requirements.

(1) A candidate may only accept a contribution from a limited liability company or partnership if the limited liability company is classified and taxed as a sole proprietorship or a partnership, or the partnership is taxed as a partnership, for federal tax purposes. A candidate may not accept a contribution from a limited liability company or partnership that is taxed as a C. corporation or an S. corporation for federal tax purposes.

(2) A contribution from a limited liability company taxed as a sole proprietorship or partnership, or a partnership taxed as a partnership, for federal tax purposes must be reported under the name of the member or partner making the contribution subject to the disclosure requirements under 13-37-229.

(3) The member or partner reported as making a contribution to a candidate is subject to individual contribution limitations under 13-37-216.