The proposed bill amends Title 74 of the Idaho Code by introducing a new Chapter 3, "Campaign Finance Transparency," which aims to enhance transparency in campaign financing. Key provisions include defining terms, prohibiting foreign contributions, and establishing recordkeeping and reporting requirements. It mandates that all reports filed with the Secretary of State be certified as true and correct, and public communications regarding contributions must clearly identify their funding sources. The bill also outlines the responsibilities of political treasurers and prohibits coordination between candidates and political action committees (PACs) to benefit from independent expenditures. Additionally, it repeals Chapter 66 of Title 67, which previously governed election campaign contributions and expenditures, consolidating regulations to promote public confidence in government.

Further, the bill establishes new regulations for candidates and PACs, requiring candidates to set up campaign finance accounts, appoint political treasurers, and disclose contributions while prohibiting anonymous donations. Contribution limits are set, including caps of $1,500 for state legislative and local offices and $6,000 for statewide offices. The legislation mandates regular reporting of contributions and expenditures, including immediate reporting of significant contributions over $1,000, and prohibits candidates from accepting general election contributions until they have won their primary. The bill also introduces provisions for PACs, requiring them to report contributions and expenditures, maintain dedicated accounts, and appoint treasurers. Overall, the legislation aims to enhance accountability and transparency in campaign finance practices in Idaho, with an emergency clause stating that the act will take effect on July 1, 2026.

Statutes affected:
Bill Text: 19-5904, 19-6004, 44-2602, 44-2605, 50-2006, 50-2005, 67-5282, 72-1503