HB 2627 Summary

• Requires corporations, limited liability companies, and labor organizations to register and notify filing officers within one day after making independent expenditures exceeding $5,000 (statewide races), $2,500 (legislative races), or $1,000 (local races).

• Mandates disclosure of contributions received by corporations, limited liability companies, and labor organizations in the format prescribed by filing officers.

• Requires all literature and advertisements funded by these entities to include a clear disclosure statement stating "paid for by" the entity name and that it is not authorized by any candidate or campaign committee.

• Establishes civil penalties of up to three times the total expenditure amount for failures to register, notify, or disclose; violations involving knowingly false filings or failures to file are classified as class 1 misdemeanors.

• Requires entities making independent expenditures organized primarily to influence elections and accepting contributions to register as political committees.