I’m not reading all of that. Break it down for me.
LARPAC and RPAC are both political action committees (PAC) that work to protect the real estate industry.
Donations to the PAC are voluntary, and come from members of local REALTOR® associations like GBRAR.
A portion of your donation to LARPAC is sent to RPAC. This way your one contribution helps at the local, state, and federal levels.
LARPAC and RPAC have protected your business interests for decades. Your donation helps keep them successful.
Contributions are used for political purposes, are voluntary, and are not deductible for Federal income tax purposes. 70% of each contribution is used by LARPAC to directly support state and local political campaigns. The balance is sent to RPAC to support Federal candidates as well as Federal grassroots political activities and is charged against your limits under 2 U.S.C. 441 (a) §