This bill amends the campaign contribution limits for state and local offices in Alaska, establishing new financial thresholds for individual and group contributions. Specifically, it allows individuals to contribute up to $2,000 each election cycle to candidates or entities influencing elections, a significant increase from the previous limit of $500 per year. Groups that are not political parties can contribute up to $4,000 each election cycle to candidates, and political parties can receive up to $5,000 each year. Additionally, the bill introduces a mechanism for adjusting these contribution limits every decade starting in 2031, based on the Consumer Price Index for urban Alaska.

The bill also clarifies reporting requirements by defining "election cycle" and ensuring that the Alaska Public Offices Commission cannot change the reporting format during an election cycle. It specifies that certain contribution limits do not apply to entities making only independent expenditures. Furthermore, the bill states that it does not affect contributions made for elections that occurred before its effective date. Overall, the legislation aims to enhance the integrity of elections by ensuring that political influence is not solely determined by wealth.

Statutes affected:
SB0116A, AM SB 116, introduced 03/05/2025: 15.13.070, 15.13.110, 15.13.400