The New York City Council - File #: Int 1456-2019

• File #: Int 1456-2019
• Version: *
• Name: Classifying credit card processing fees and bank fees as exempt expenditures.
• Type: Introduction
• Status: Filed (End of Session)
• Committee: Committee on Governmental Operations
• On agenda: 2/28/2019
• Title: A Local Law to amend the administrative code of the city of New York, in relation to classifying credit card processing fees and bank fees as exempt expenditures
• Sponsors: Mark Levine, Keith Powers , Kalman Yeger , Justin L. Brannan, Robert F. Holden
• Council Member Sponsors: 5
• 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.

Date	Ver.	Prime Sponsor	Action By	Action	Result
12/31/2021	*	Mark Levine	City Council	Filed (End of Session)
2/28/2019	*	Mark Levine	City Council	Referred to Comm by Council
2/28/2019	*	Mark Levine	City Council	Introduced by Council

Int. No. 1456

By Council Members Levine, Powers, Yeger, Brannan and Holden

A Local Law to amend the administrative code of the city of New York, in relation to classifying credit card processing fees and bank fees as exempt expenditures

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