SB 01224 Summary

• Repeals and replaces Section 9-704 of Connecticut General Statutes effective October 1, 2023, modifying Citizens' Election Program qualifying contribution requirements.

• Removes previous inflationary adjustment provisions that automatically adjusted contribution amounts for elections held in 2022 and thereafter, eliminating rounding to nearest hundred dollars.

• Establishes new inflation adjustment schedules: State Elections Enforcement Commission adjusts aggregate contribution amounts quadrennially for Governor/statewide offices (starting January 15, 2022) and biennially for state senator/representative races (starting January 15, 2018), based on Consumer Price Index changes from January 1, 2017 baseline.

• Maintains maximum individual contribution limits of $250 but applies inflation adjustments to this amount for elections held in 2022 and thereafter, rounded to nearest ten dollars with rounding of exactly five dollars upward.

• Keeps existing qualifying contribution thresholds: Governor candidates ($250,000 aggregate), statewide constitutional officers ($75,000), state senators ($15,000 with 300+ individual contributors), and state representatives ($5,000 with 150+ individual contributors).