HB 6282 Summary

• Establishes the "Legislative Branch Personal Financial Disclosure Act" requiring state legislators and candidates for state legislative office to file annual financial disclosure reports with the Bureau of Elections.

• State legislators must file reports by May 1 of the following year; candidates for legislative office must file within 30 days after the later of May 1 or formation of a candidate committee.

• Reports must include personal information, names of immediate family members, employer details, earned income sources exceeding $5,000, investment holdings valued at $10,000 or more, real property holdings (excluding primary residence) valued at $50,000 or more, and positions held earning $1,000 or more annually.

• Reports become publicly available on the Secretary of State's website by end of business day received and available for inspection within three business days; Bureau of Elections receives complaints and investigates violations.

• Late filing penalties range from $25 per day (first 10 business days) to $50 per day thereafter, capped at $5,000; knowingly filing incomplete or inaccurate reports is a misdemeanor punishable by fines up to $10,000.