11.1113 Sole proprietors, partnerships, and limited liability companies.
(1) Sole proprietorships. A contribution made to a committee by a sole proprietorship is considered a contribution made by the individual who is the sole proprietor and subject to the limits under this subchapter.
(2) Partnerships. A contribution made to a committee by a partnership is considered a contribution made by each of the contributing partners and subject to the limits under this subchapter. A partnership that makes a contribution to a committee shall provide to the committee the names of the contributing partners and the amount of the individual contribution made by each partner. For purposes of determining the individual contribution amounts made by each partner, the partnership shall attribute the individual contributions according to each partner's share of the partnership's profits, unless the partners agree to apportion the contribution in a different manner.
(3) Limited liability companies.
(a) A contribution made to a committee by a limited liability company treated as a partnership by the federal internal revenue service pursuant to 26 CFR 301.7701-3 is considered a contribution made by each of the contributing members and subject to the limits under this subchapter. A limited liability company that makes a contribution under this paragraph shall affirm to the committee that it is treated as a partnership for federal tax purposes and eligible to make the contribution. The company shall provide to the committee the names of the contributing members and the amount of the individual contribution made by each member. For purposes of determining the individual contribution amounts made by each member, the company shall attribute the individual contributions according to each member's share of the company's profits, unless the members agree to apportion the contribution in a different manner.
(b) A contribution made to a committee by a single-member limited liability company in which the sole member is an individual is considered a contribution made by that individual and subject to the individual limits under s. 11.1101 (1). A limited liability company that makes a contribution under this paragraph shall affirm to the committee that it is a single-member limited liability company in which the sole member is an individual and eligible to make the contribution.
History: 2015 a. 117; 2017 a. 366; 2021 a. 265.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 11 - Campaign financing.
11.0102 - Determination of filing officer and duty to file; fees.
11.0104 - Reporting exemptions: limited activity.
11.0105 - Reporting exemptions: dissolution of committee or conduit and termination reports.
11.0106 - Disbursements; form.
11.0201 - Registration; treasurer and depositories.
11.0202 - Registration; timing; candidate committee required.
11.0203 - Registration; required information.
11.0205 - Transfers between candidates for governor and lieutenant governor.
11.0206 - Soliciting funds on behalf of certain organizations.
11.0207 - Continuing compliance.
11.0301 - Registration; treasurer and depositories.
11.0302 - Registration; timing.
11.0303 - Registration; required information.
11.0401 - Registration; treasurer and depositories.
11.0402 - Registration; timing.
11.0403 - Registration; required information.
11.0501 - Registration; treasurer and depositories.
11.0502 - Registration; timing.
11.0503 - Registration; required information.
11.0505 - Reporting; specific express advocacy.
11.0601 - Registration; treasurer and depositories.
11.0602 - Registration; timing.
11.0603 - Registration; required information.
11.0605 - Reporting; specific express advocacy.
11.0701 - Registration; administrator and depositories.
11.0702 - Registration; timing.
11.0703 - Registration; required information.
11.0705 - Redirected contributions.
11.0801 - Registration; treasurer and depositories.
11.0802 - Registration; timing.
11.0803 - Registration; required information.
11.0901 - Registration; treasurer and depositories.
11.0902 - Registration; timing.
11.0903 - Registration; required information.
11.1001 - Reporting; specific express advocacy.
11.1101 - Contribution limits.
11.1106 - Conduit contributions.
11.1107 - Limitation on cash contributions.
11.1108 - Anonymous contributions.
11.1109 - In-kind contributions.
11.1110 - Return of contributions.
11.1111 - Valuation of opinion poll results.
11.1112 - Corporations, cooperatives, and tribes.
11.1113 - Sole proprietors, partnerships, and limited liability companies.
11.1114 - Two candidate committees.
11.1201 - False reports and statements.
11.1204 - Unlawful political contributions.
11.1205 - Use of government materials by candidates.
11.1206 - Travel by public officers.
11.1207 - Political solicitation involving public officials and employees restricted.
11.1208 - Unlawful political disbursements and obligations.
11.1301 - Defense fund authorized.
11.1303 - Attribution of political contributions, disbursements and communications.