SB1048

THE CONTEXT: Candidate committees, political action committees and political parties are required to file campaign finance reports that include the following: 1) the amount of cash on hand at the beginning of the reporting period; 2) an itemized list of receipts from contributions in specified categories; 3) the aggregate amount of contributions from in-state individuals that do not exceed $100; 4) an itemized list of disbursements that exceed $250 in specified categories; 5) the total sum of all receipts and disbursements for the reporting period; and 6) a certification from the committee treasurer that attests the report...

WHAT THE BILL DID: The final vetoed version would increase the campaign finance reporting threshold to $200 for the contributions from in-state individuals and require specified individuals to inform the committees receiving the contributions of their lobbyist registration identification number in the Lobbyist Reporting System.

WHY IT MATTERED: The practical reason for this bill was to make a concrete adjustment to the existing rule for campaign finance. It would increase the campaign finance reporting threshold to $200 for the contributions from in-state individuals, and would also require specified individuals to inform the committees receiving the contributions of their lobbyist registration identification number in the Lobbyist Reporting System, rather than leave the current rule unchanged.