This bill amends the campaign contribution limits for state and local offices in Alaska, establishing new contribution amounts and a framework for future adjustments. 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 the Alaska Public Offices Commission to adjust these limits every decade starting in 2031, based on the Consumer Price Index.

The bill also clarifies the definition of "election cycle" and modifies reporting requirements for candidates. It specifies that contribution limits do not apply to those contributing to entities that only make independent expenditures. Furthermore, it ensures that the commission cannot change the reporting format during an election cycle. The legislation emphasizes the importance of maintaining reasonable limits on campaign contributions to promote equal rights and integrity in elections, reflecting the legislature's findings on the influence of wealth in political power.

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