House Bill No. introduced by R. Gregg and S. Fitzpatrick aims to revise campaign finance laws in Montana by imposing specific limitations on contributions from limited liability companies (LLCs) and partnerships. The bill stipulates that only LLCs and partnerships classified and taxed as partnerships for federal tax purposes may contribute to candidates. Contributions from entities taxed as C or S corporations are prohibited. Furthermore, any contributions made by these entities must be reported under the name of the individual member or partner who made the contribution, ensuring transparency in campaign financing.

Additionally, the bill prohibits members or partners from making separate individual contributions if they have already contributed through their LLC or partnership. This measure is designed to prevent circumvention of contribution limits and enhance accountability in campaign finance. The new provisions are intended to be codified as part of Title 13, chapter 37 of Montana law, ensuring that they are integrated into the existing legal framework governing campaign contributions.