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MI SB0100
Bill
AI Summary
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Amends the Candidate for Office Financial Disclosure Act (2023 PA 282) to modify requirements for financial disclosure reports filed by candidates for governor, lieutenant governor, secretary of state, attorney general, state representative, and state senator whose committees received or expended more than $1,000
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Establishes a standardized financial disclosure form requiring candidates to report employment and income sources over $1,000, spousal employment information, organizational positions held, real property ownership, securities and investments over $1,000, liabilities over $10,000, and state contracts
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Sets the 2025 filing deadline at June 13, 2025 for the January 1, 2024 to December 31, 2024 reporting period, with annual reports due May 15 in subsequent election years; the Department of State must publish the form on its website by May 31, 2025
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Imposes late filing fees of $25 per business day (after 10 days grace period) up to $1,000 maximum, and civil fines up to $2,000 for knowingly filing incomplete or inaccurate reports
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Allows email filing as an acceptable alternative to the electronic filing system, applied retroactively to reports filed for the 2023 reporting period; requires the Secretary of State to make filed reports publicly available online within 5 business days
Legislative Description
Campaign finance: statements and reports; definition of gift; modify. Amends secs. 3, 5, 7, 11, 13 & 15 of 2023 PA 282 (MCL 169.303 et seq.) & adds sec. 6.
Campaign finance: statements and reports
Last Action
Assigned Pa 0004'25 With Immediate Effect
5/15/2025