CT SB00461

Corporations formed in Connecticut or authorized to do business in the state are prohibited from making political expenditures unless those expenditures are made through a political committee established by the corporation, effective January 1, 2027.

Violations of the political expenditure restriction can result in administrative dissolution of domestic corporations or revocation of the certificate of authority for foreign corporations to operate in Connecticut.

The State Elections Enforcement Commission determines violations under section 9-7b, and the Secretary of State initiates dissolution or revocation proceedings after notification from the commission.

Corporations have three months after receiving notice to appeal the commission's determination; dissolution or revocation is stayed pending final judicial resolution of any appeal.

The bill amends corporate powers statutes (sections 33-647 and 33-1036) to explicitly exclude political expenditures from the general powers granted to both business and nonstock corporations unless made through a political committee.