The proposed bill seeks to enhance transparency in campaign finance in Idaho by amending various sections of the Idaho Code. Key changes include the introduction of a definition for "Business" and the establishment of reporting requirements for non-business entities, political committees, and individuals making independent expenditures. The bill revises provisions regarding contributions exceeding fifty dollars and mandates that signature gatherers disclose their funding sources. These amendments aim to reduce the influence of "dark money" in elections and provide clearer insights into the financial backers of political campaigns, thereby fostering public trust and accountability.

Additionally, the bill imposes stricter transparency measures, requiring non-business entities making expenditures over $1,000 to file detailed statements with the Secretary of State, including information about contributors. It also mandates that political committees disclose significant contributions and the sources of funding for signature gatherers. The legislation prohibits anonymous contributions and requires corporations to disclose significant shareholders in their reports. With an effective date of July 1, 2025, the bill includes a severability clause to maintain the validity of remaining provisions if any part is invalidated.

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