AZ SB1403

Adds new prohibition making it illegal for officers of corporations, LLCs, or labor organizations to transfer money through multiple transfers with intent to hide contributor identity.

Redefines disclosure requirements for independent expenditures to identify "identifiable contributors" (persons, political committees, or business entities) instead of requiring three largest contributors or specific dollar thresholds.

Changes candidate campaign disclosures to require identifying the three largest identifiable contributors rather than three political committees, with simplified disclosure for individual contributors.

Modifies ballot measure committee disclosures to require identifying three identifiable contributors instead of four major funding sources, with lower contribution thresholds ($5,000 for statewide, $1,000 for smaller jurisdictions).

Establishes new requirements for corporations, LLCs, and labor organizations making independent expenditures to file as political committees if organized primarily to influence elections or if accepting donations, with specific factors and rebuttable presumptions to determine primary purpose.