This bill aims to enhance transparency in campaign finance in Minnesota by introducing new reporting requirements and definitions related to campaign contributions and expenditures. It mandates that covered entities maintain detailed records of contributions, including donor identities and amounts, and requires the disclosure of original sources of campaign funds. The bill expands existing disclosure requirements to include more detailed information about contributors and establishes penalties for violations, allowing the board to impose civil penalties based on the amounts involved. Key definitions such as "covered entity," "original funds," and "traceable funds" are introduced to clarify the types of contributions that must be reported.

Additionally, the bill amends Minnesota Statutes to require nonprofit corporations assisting political committees to disclose the type and fair market value of their assistance. It establishes supplemental reporting requirements for entities that disburse significant funds between regular reporting periods and introduces stricter penalties for late filings. The Campaign Finance and Public Disclosure Board is tasked with creating dedicated web pages for each committee to promote public awareness of campaign contributions. An appropriation from the general fund is included to support the implementation of these requirements, with the act set to take effect on January 1, 2026.

Statutes affected:
Introduction: 10A.01, 10A.02, 10A.20, 10A.202, 211B.04