1. (a) A corporation or labor organization may make a political contribution from its own property to a political committee that:

   1. (1) is not established or controlled by a candidate or an officeholder;
   2. (2) makes or intends to make direct campaign expenditures;

   3. (3) does not make or intend to make political contributions to:

      1. (A) a candidate;
      2. (B) an officeholder;
      3. (C) a specific-purpose committee established or controlled by a candidate or an officeholder; or
      4. (D) a political committee that makes or intends to make political contributions to a candidate, an officeholder, or a specific-purpose committee established or controlled by a candidate or an officeholder; and
   4. (4) has filed an affidavit with the commission stating the committee's intention to operate as described by Subdivisions (2) and (3).
2. (b) A political contribution made by a corporation or labor organization under this section does not constitute a violation of Section 253.094(a) and the acceptance of the political contribution does not constitute a violation of Section 253.003(b).

Added by Acts 2019, 86th Leg., R.S., Ch. 209 (H.B. 3580), Sec. 1, eff. September 1, 2019.