HB 2340 Summary

• Repeals and reenacts Arizona's campaign finance laws by replacing Title 16, Chapter 6, Articles 1.1-1.7 with a comprehensive new Article 1 governing candidate and political committee contributions and expenditures.

• Establishes contribution limits of $6,250 per election cycle from individuals to candidates for non-statewide offices and $6,250 from individuals for statewide offices, with higher limits ($12,500) for certified political committees meeting specified fundraising thresholds.

• Requires political committees to designate a chairman and treasurer, maintain segregated bank accounts, file campaign finance reports on prescribed schedules, and provide itemized disclosures of contributions and expenditures.

• Imposes disclosure requirements for independent expenditures and campaign literature, including identification of funding sources and sponsoring organizations, with civil penalties up to three times the expenditure amount for violations.

• Prohibits corporations, limited liability companies, and labor organizations from making direct contributions to candidates or candidate committees, except through separate segregated funds or independent expenditures; creates criminal penalties for violations.