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DIGEST OF SB0127 (Updated February 23, 2006 11:55 am - DI 75)
Political expenditures. Provides that a group of individuals all of whom are related by blood, marriage, or adoption is not considered a political action committee. Requires an individual or organization that makes an expenditure of at least $10,000 for the purpose of financing communications that expressly advocate the election or defeat of a clearly identified candidate to file, not later than 48 hours after the expenditure, a report that provides details concerning the expenditure. Exempts from the reporting requirement: (1) candidate's committees; (2) regular party committees; (3) political action committees; (4) a legislative caucus committee; (5) an auxiliary party organization; (6) a membership organization that is exempt from federal income taxation under Section 501(c) of the Internal Revenue Code, to the extent that the organization's communications are made solely to the organization's members; and (7) an individual who makes an expenditure using only the individual's own resources. Establishes criminal and civil penalties for violation of the reporting requirement.
