This bill amends the campaign contribution limits for state and local offices in Alaska, establishing new limits that will be adjusted every decade starting in 2031 based on the Consumer Price Index. Specifically, it increases the contribution limits for individuals to $2,000 each election cycle for candidates and $5,000 each year for political parties or groups. Groups that are not political parties can contribute up to $4,000 each election cycle to candidates and $5,000 each year to other groups or political parties. Additionally, nongroup entities can contribute $4,000 each election cycle to candidates and $5,000 each year to political parties or other groups. The bill also sets new limits for joint campaigns for governor and lieutenant governor.

Furthermore, the bill introduces a provision that exempts contributions to groups or nongroup entities making only independent expenditures from the established limits. It clarifies the definition of "election cycle" and modifies the reporting requirements for candidates, ensuring that the Alaska Public Offices Commission cannot change the reporting format during an election cycle. The bill also states that it does not apply to contributions made for elections that occurred before its effective date.

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