AZ SB1481

Prohibits public service corporations, their affiliates, and principals from making contributions directly or indirectly to Corporation Commission candidates or candidate committees.

Prohibits Corporation Commission candidates from accepting or soliciting contributions from public service corporations, their affiliates, or principals.

Deems coordinated expenditures by public service corporations on behalf of Corporation Commission candidates as in-kind contributions, including republished campaign materials or expenditures made in cooperation with the candidate.

Establishes a "firewall" mechanism allowing entities to make independent expenditures without coordination if they maintain separate personnel, restrict information flow, and memorialize the policy in writing.

Defines key terms including "public service corporation" (per Arizona Constitution Article XV, Section 2), "affiliate," "principal," and "covered expenditure" related to campaign materials and activities.