(a) A corporation or labor organization may make a political contribution from its own property to a political committee that:
(1) is not established or controlled by a candidate or an officeholder;
(2) makes or intends to make direct campaign expenditures;
(3) does not make or intend to make political contributions to:
(A) a candidate;
(B) an officeholder;
(C) a specific-purpose committee established or controlled by a candidate or an officeholder; or
(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) has filed an affidavit with the commission stating the committee's intention to operate as described by Subdivisions (2) and (3).
(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).
Official text of the Texas Election Code as published by the Texas Legislative Council.