PROTECT AND STRENGTHEN THE CPA PROFESSION
The KyCPA Political Action Committee (KyCPA-PAC) enables CPAs to help elect business-minded legislators who support our position on issues significant to the CPA profession. By pooling our resources, together we can ensure the accounting profession continues to have a strong presence in Kentucky's legislative and regulatory activities.
What is KyCPA-PAC?
The KyCPA-PAC is a separate entity from the KyCPA. The KyCPA-PAC is supported solely by the voluntary contributions of KyCPA members. It is registered as a “permanent committee” with the Kentucky Registry of Election Finance (KREF).
The Board of PAC Trustees voluntarily directs the KyCPA-PAC’s responsibilities and activities, with the exception of its day-to-day administration. PAC Trustees are geographically disbursed. All Trustees must be members of the KyCPA and must be committed to analyzing candidates and promoting the KyCPA-PAC.
What are the reporting requirements?
Pursuant to Kentucky law, contributor information (including employer, occupation, and mailing address) for all contributions in excess of $100 is reported to the KREF. Additionally, members who donate $100 or more are recognized annually in The Kentucky CPA Journal. For more information on PAC rules in Kentucky, visit the KREF website.
What does the KyCPA-PAC do?
The objective of the KyCPA-PAC is to help protect the trust, confidence, and esteem the CPA certificate holds in the public's eye. Contributions to the KyCPA-PAC are used to support candidates for the Kentucky legislature or constitutional offices who are educated on accounting issues and able to promote sound policies while defeating policies that hurt the CPA profession. KyCPA-PAC funds help us maintain and enhance our legislative efforts and open lines of communication with key lawmakers.
Contributions to candidates are made at various times during a two-year election cycle. Contribution decisions are based upon the following policies set by the PAC Trustees:
- The KyCPA-PAC supports its own members running for office
- The KyCPA-PAC supports incumbents running for re-election
- The KyCPA-PAC supports political parties and legislative caucuses on a bi-partisan level
In addition, KyCPA staff works in cooperation with other pro-business lobbying organizations to gather information on potential candidates.
For more information, please contact KyCPA at 502-266-5272 or info@kycpa.org.
How can I contribute to the KyCPA-PAC?
You can support the KyCPA-PAC in two ways:
Individual contribution - An individual contribution can be made online or by check made payable to KyCPA-PAC, 1735 Alliant Ave., Louisville, KY 40299. Individuals are limited to an annual $1,500 contribution to the KyCPA-PAC.
PAC-to-PAC Contribution - If your firm or company has its own PAC, it can make a contribution to the KyCPA-PAC. Like individuals, PACs are limited to an annual $1,500 contribution.
KyCPA cannot accept firm or corporate contributions, including those made by pass-through entities.