- March 4, 2014
- March 4, 2014
- February 27, 2014
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NAAPAC is the voluntary, non-partisan political action committee of the National Apartment Association. It is the only federal political action committee solely dedicated to protecting and promoting the multi-family industry. Formed with the mission of promoting the involvement of NAA member companies and individuals in the political process, NAAPAC solicits voluntary contributions from individual members across the country, aggregates their political strength and supports the campaigns of national candidates who are supportive of a pro-apartment, pro-business legislative agenda.
NAAPAC is important to NAA because, according to the Federal Election Campaign Act, trade associations such as NAA are prohibited from using their general treasury funds (membership dues or other revenue) to make contributions or expenditures in connection with federal elections. NAAPAC is the only vehicle through which NAA and its members may participate together in the political process via contributions and expenditures on behalf of federal candidates.
NAAPAC may solicit contributions from the restricted class of NAA's member companies. The restricted class includes the company's executive and administrative personnel who are paid on a salary and have policymaking, managerial, professional or supervisory responsibilities. NAAPAC cannot solicit individuals outside the restricted class. As dictated by Federal Election Law, before NAAPAC can solicit the restricted class of an NAA member company, NAAPAC must seek and obtain written authorization from a corporate representative with whom NAA regularly conducts business. In a calendar year, a corporation may authorize only one trade association to solicit its restricted class.
NAAPAC can accept personal checks, credit cards and cash (NAAPAC cannot accept cash contributions in excess of $100 from an individual). NAAPAC can also accept checks, credit cards and cash from unincorporated partnerships and sole proprietorships. In addition, NAAPAC contributions can be made online. NAAPAC contributions can be made in full or in monthly/quarterly installments.
No, NAAPAC cannot accept corporate contributions. Federal election law prohibits corporations and labor organization from making contributions and expenditures in connection with federal elections. However, NAA’s Better Government Fund that supports the PAC and other statedwide activities such as ballot initiatives can accept corporate funds. For more information on the BGF click here.
An individual may contribute up to $5,000 to NAAPAC per calendar year.
For each contribution that exceeds $200, either by itself or when aggregated with previous contributions from the same donor during the same calendar year, NAAPAC must obtain and report the amount, date of receipt, the contributor's name, address, occupation and employer. For each contribution exceeding $50, but not greater than $199, NAAPAC must obtain the amount, date of receipt and the contributor's name and address.
NAAPAC is a multicandidate committee and may contribute up to $5,000 per candidate, per election. In House and Senate races, each primary election, general election, runoff and special election is considered a separate election with a separate limit. NAAPAC may give up to $15,000 per year to a national party committee. The Republican and Democratic parties each have three national party committees (national committee, House campaign committee and Senate campaign committee). NAAPAC may also make contributions up to $5,000 per year to any other type of political committee.
No, NAAPAC cannot accept contributions from foreign nationals. Foreign nationals are prohibited from making contributions in connection with any election. A foreign national is defined as an individual who is not a citizen of the United States and not lawfully admitted for permanent residence.
No, individuals cannot be reimbursed for their contributions. Federal Election Law prohibits individuals from being reimbursed or advanced financially by their company, NAA, any entity or individual for the purpose of making a contribution to NAAPAC.
No, NAAPAC contributions are not deductible as charitable contributions for federal income tax purposes.
See what apartment industry professionals have to say about NAA's Capitol Conference on March 11 in Washington. Don't miss out! To learn more and to register, please visit www.naahq.org/capitol.