WHAT IS MHBA’S PAC?
It is a Political Action Committee formed by the Maryland Horse Breeders Association. The PAC solicits voluntary contributions from individuals or corporations to assist selected candidates for public office in the state of Maryland who are interested in the problems of our industry and are willing to help us solve those problems.
WHY DO WE NEED PAC?
The largest market for horses bred in Maryland is horse racing, an industry that is closely regulated by state government. In addition, while not well understood, horse breeding is an especially important segment of Maryland agriculture. The economic well-being of racing and breeding is very much a function of the political process. It is essential to the health of our industry that we educate our elected officials and support those who work with us on issues vital to our interests.
HOW DO I PARTICIPATE?
HOW DOES PAC WORK?
The PAC receives voluntary contributions through its treasurer which are then disbursed to the candidates as selected by a committee headed by the chairperson of the MHBA Legislative Committee. All PAC money is, by law, distributed to candidates. Any administrative expense will be paid by the MHBA. Generally, the PAC may transfer no more than $6,000 to another Campaign account during the four year cycle; however, there is no limit to the total aggregate amount it may contribute during the cycle. Complete campaign fund reports must be filed with the State Board of Elections and are a matter of public record.
WHAT ARE THE LAWS GOVERNING CAMPAIGN CONTRIBUTIONS?
No corporation or individual may contribute more than $4,000 to a single campaign account, or more than $10,000 to all campaign accounts during the four year cycle. Any contribution to the PAC must be included in your $10,000 total for the four year cycle.
WHAT IS THE TAX STATUS OF MY CONTRIBUTION?
Political contributions are not deductible business or personal expenses.
Contributions may also be made to the PAC either through fundraising activities or by donation to:
Maryland Horse Breeders Association
Political Action Committee
P.O. Box 427
Timonium, MD 21094
By Authority: MD Horse Breeders Association PAC, Cricket Goodall, Treasurer