Corporations and Associations - Limitations on Election and Ballot Issue Activities (Maryland Corporate Power Reset Act)
In the House - Hearing 3/04 at 1:00 p.m.
Summary
The Maryland Corporate Power Reset Act would prohibit any domestic or foreign corporation, LLC, partnership, trust or similar entity formed under state law from spending money or any value to support or oppose candidates, parties, committees, or ballot measures. The bill requires the Department of Assessments and Taxation to create rules for detecting violations, forfeiting charter privileges and collecting disgorgement, with due‑process hearings and coordination with the Attorney General. It aims to limit political influence by business entities while preserving the rights of natural persons.
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