Intuit and our employees participate in the political process in three ways: as individuals, through the Intuit Political Action Committee in the United States, and via corporate contributions where allowed by law, and in a manner compliant and consistent with regulation. All employee participation is voluntary.
In addition, Intuit also engages in lobbying activities, and the costs associated with such activities are reported as provided by applicable federal, state and local laws.
All corporate political contribution requests received by Intuit are reviewed by Corporate Affairs; contributions that are strategic and meet the guidelines of this policy are approved by the Corporate Affairs Director of Government Relations and the Vice President of Corporate Affairs/Chief Public Policy Officer. Political activity outside the United States is governed by this policy and is conducted with the strictest adherence to the U.S. Foreign Corrupt Practices Act and Intuit's Code of Conduct, both of which are the subject of required training for employees.
In the United States Federal law does not permit direct corporate contributions to candidate campaigns for Federal office or national party committees. However, under the Federal Election Campaign Act of 1971, as amended, companies are allowed to participate in the Federal political process in defined ways:
- Companies may establish Federally regulated Political Action Committees (PACs), which are funded through voluntary contributions from eligible employees. Such PACs may contribute to the political campaigns of candidates for Federal office, national party committees, and other Federal PAC's, and are subject to full reporting and disclosure requirements with the Federal Election Commission. In 2000 Intuit created its employee PAC, The Intuit 21st Century Leadership Fund. At this time, Intuit does not have a State PAC.
- Under the U.S. Supreme Court's Citizens United decision, corporations may contribute unlimited funds to Independent Expenditure Committees for or against political candidate campaigns; however, Intuit does not contribute corporate dollars to such committees. If we make a direct or in-kind contribution to other types of Independent Expenditure Committees, such as those at the state or local level that concern ballot measures, then the contribution will be disclosed.
State laws vary but many do allow corporations to lawfully make contributions to candidate campaigns for State or Local office, Political Parties, and organizations that engage in political activity and ballot measures. Consistent with law and regulation, including individual State contribution limits and reporting requirements, Intuit may selectively make such contributions, and will disclose any and all such direct and in-kind political contributions.
Intuit adheres to all laws and regulations governing political campaign contributions at the Federal, State, and Local levels. We do not favor any particular political party or ideological point of view, and we do not take into account any private, personal political preferences of company officers and executives. We focus our support decisions on strategic judgments related to how best to further Intuit's positions on strategic business policy issues that matter to the success of the enterprise.
The Intuit 21st Century Leadership Fund PAC, comprised of representatives of Intuit's major businesses and functional groups, meets two times per year to discuss contributions policies and goals for the year; contributions can be approved by the Corporate Affairs Director of Government Relations and the Vice President of Corporate Affairs/Chief Public Policy Officer.