Senate Bill No. introduced by J. Kassmier aims to revise laws related to campaign contributions, specifically targeting contributions from tax-exempt organizations under section 501(c)(4) of the Internal Revenue Code. The bill establishes a limit of $2,500 on contributions from these organizations to political and joint fundraising committees for supporting or opposing candidates or ballot measures. Additionally, it prohibits tax-exempt entities from contributing directly to candidates and restricts contributions to political committees if the organization has received any donations from foreign nationals in the past four years.
The bill also outlines penalties for violations of these provisions, making individuals liable in a civil action for non-compliance. Furthermore, it includes a codification instruction to integrate the new sections into Title 13, chapter 37 of the Montana Code, and a saving clause to ensure that existing rights, duties, and proceedings are not affected by the enactment of this legislation.