REITS Invest with Campaign Contributions

Posted October 11, 2013 at 1:37pm

A trade association concerned about any changes to the tax code, and defending their special tax advantages, has continued to move campaign contributions to Congress in September.

The National Association of Real Estate Investment Trusts Inc. PAC reported it had given $152,850 to federal candidates and committees during September. Through August, the PAC had given out $564,325 with Republicans receiving 56%. Members of the tax-writing House Ways & Means Committee received $125,000 from the PAC. View PAC financial profile. During 2011-2012, the PAC gave out $1.8 million.

Other PACs filing early and moving more than $100,000 to federal candidates and committees during September include the American Crystal Sugar Company PAC giving $114,495. American Crystal Sugar Company is concerned about this year’s Farm Bill and provisions relating to sugar. The National Association of Realtors PAC gave $108,280, and is concerned about a wide variety of legislative issues such as energy, housing, mortgages, the Affordable Care Act, taxes, and others. The NextEra Energy Inc. PAC gave $100,450. NextEra Energy is concerned with legislation affecting electric utilities and its production tax credit.