HB1344 Summary

• Amends the Election Code to set contribution limits from political party committees to candidate political committees during election cycles seeking general election nominations.

• During primary elections, candidate committees may accept up to $200,000 from party committees for statewide office, $125,000 for Senate/First District courts/large counties, $75,000 for House/other courts/smaller counties, and $50,000 for other offices.

• During general elections, candidate committees may accept up to $300,000 from party committees for statewide office, $175,000 for Senate/First District courts/large counties, $125,000 for House/other courts/smaller counties, and $85,000 for other offices.

• Establishes contribution limits for political party committees ($10,000 from individuals, $20,000 from corporations/labor organizations, $50,000 from political action committees) and political action committees ($10,000 from individuals, $20,000 from various entities, $50,000 from other political action committees).

• Requires annual inflation adjustments to contribution limits on January 1 of odd-numbered years based on the Consumer Price Index, rounded to the nearest $100.