Q and A

      What is a Political Action Committee?  A Political Action
Committee (PAC) is an independent organization created to raise funds
for candidates seeking elective office who share common ideals and
goals with members of the PAC.

      Why do I have to give personal information?  The New York State
Board of Elections has certain reporting requirements.    We need
information from you in order to make an accurate filing.  The
information you provide will be shared only with the New York State
Board of Elections.

       What is my contribution limit?  Voluntary contributions by
individuals are subject to a contribution limit of $150,000 during a
calendar year to all sources and $84,400 to a political action
committee. The annual donation limit for a corporation is $5,000 in a
calendar year to all sources. Each affiliated or subsidiary
corporation, if a separate legal entity, has its own contribution
limit. For more information on contribution limits in New York, please
visit the New York State Board of Elections website at
http://www.elections.state.ny.us.

       Is my political contribution tax deductible?  No.  Contributions
to the NYCPAC are not tax deductible for state or federal tax purposes.

       Who can give a political contribution?  Anyone who is over the
age of 18 and is a citizen or permanent resident of the United States
can make a political contribution.

       Can I make a political contribution in someone else's name?  No. 
Contributions can only be made in the name of the person who is giving
the money.

       Can my employer reimburse me for any contributions?  No.  PAC
contributions cannot be reimbursed by an employer or by any other
person.