March 8, 2023 •
New York City Passes New Independent Expenditure Disclosure
City Council passed a city charter amendment requiring individuals and entities making independent expenditures related to municipal ballot questions to file disclosure reports.
Local Law No. 22 of 2023 requires individuals and entities making independent expenditures of $5,000 or more in support or opposition to a municipal ballot proposal or referendum to file independent expenditure disclosure reports.
The new reporting requirement will take effect on January 1, 2024.
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