This bill aims to enhance transparency in campaign finance in Idaho by amending various sections of the Idaho Code. It introduces a new definition for "Business" and updates existing definitions related to campaign contributions, expenditures, and lobbying activities. The legislation requires non-business entities, political committees, and individuals making independent expenditures to provide detailed reports, thereby increasing accountability and reducing the influence of "dark money" in elections. Notably, it mandates that non-business entities file a statement with the Secretary of State for expenditures over $1,000, detailing contributors and their amounts, and introduces new reporting requirements for individuals or entities that pay signature gatherers for ballot initiatives or referendums.

Additionally, the bill enhances transparency by requiring candidates and political committees to report contributions and expenditures more rigorously, including immediate notification for contributions of $1,000 or more. It prohibits anonymous contributions and mandates detailed reporting of corporate donors, including significant shareholders. The bill also outlines the duties of lobbyists, including the preservation of financial records for three years and prohibiting contingent fee arrangements based on legislative outcomes. With an effective date of July 1, 2025, the bill includes a severability clause to ensure that if any part is invalidated, the remaining provisions will still stand.

Statutes affected:
Bill Text: 67-6602, 67-6606, 67-6607, 67-6610, 67-6611, 67-6612, 67-6614, 67-6621