AZ SB1338

Amends Arizona campaign finance law to add definition of "covered transfer" - a donation, transfer, or payment of monies to another person who makes independent expenditures or transfers monies to someone who makes independent expenditures, with exceptions for ordinary business transactions, prohibited use agreements with segregated accounts, and affiliated entity dues.

Adds definition of "affiliated entity" to include organizations bound by each other's decisions, with overlapping governing board members, or chartered by another entity, and includes entities that are affiliates of the same organization.

Requires political action committees and other entities making independent expenditures over $1,000 to file expenditure reports identifying the entity, tax status, address, agent for service of process, candidate/ballot measure supported or opposed, and advertising details.

Establishes 24-hour reporting requirement for entities making or obligating themselves to make independent expenditures or ballot measure expenditures exceeding $5,000 in the 30 days before early voting begins.

Requires campaigns to separately report covered transfers as a distinct category in financial disclosure reports, similar to other contribution and expenditure categories.