HB 6284 Summary

• Enacts the "Executive Branch Personal Financial Disclosure Act" requiring state officials and candidates for governor, lieutenant governor, secretary of state, and attorney general to file annual financial disclosure reports with the Bureau of Elections by May 1.

• Disclosure reports must include personal and immediate family information on employers, earned income sources exceeding $5,000, other income sources exceeding $5,000, real property valued at $50,000 or more (excluding primary residence), securities valued at $10,000 or more, and compensated positions earning $1,000 or more.

• Gubernatorial candidates must also file copies of their federal tax returns for the preceding 3 calendar years on June 15 of the election year, with social security numbers permitted to be redacted.

• Bureau of Elections shall post all filed reports online within one business day of receipt and make them available for public inspection within three business days; Bureau must also investigate violations and forward findings to the Attorney General or Ingham County Prosecutor for enforcement.

• Penalties include late filing fees of $25 per day for the first 10 business days and $50 per day thereafter (capped at $5,000), and misdemeanor charges with fines up to $10,000 for knowingly filing incomplete or inaccurate reports; takes effect 90 days after enactment.