IL SB2089

Amends the Illinois Election Code to include tax-exempt organizations under federal Internal Revenue Code Sections 501(c)(4), 501(c)(5), and 501(c)(6) in the definitions of political action committees, ballot initiative committees, and independent expenditure committees.

Allows these tax-exempt organizations to establish a separate political committee with the exclusive function of receiving or making contributions and expenditures to support or oppose candidates or questions of public policy.

Permits nonprofit organizations to create a separate segregated fund for political contributions and expenditures, with disclosure reporting the original source of money rather than the parent nonprofit organization name.

Modifies Section 9-1.8 (political committees) and Section 9-6 (accounting for contributions) of the Election Code to implement these provisions.

Takes effect immediately upon becoming law.