Senate Bill No. introduced by J. Kassmier aims to revise laws related to campaign contributions, specifically targeting tax-exempt organizations under section 501(c)(4) of the Internal Revenue Code. The bill establishes a contribution limit of $2,500 for these organizations when donating to political committees or joint fundraising committees for the purpose of supporting or opposing candidates or ballot measures. Additionally, it prohibits contributions from tax-exempt entities to candidates and to political committees if the entity has received any donations from foreign nationals in the past four years.
The bill also includes provisions for penalties, stating that individuals who violate the new contribution limits or prohibitions will be liable in a civil action. Furthermore, the bill outlines that the new sections will be codified as part of Title 13, chapter 37 of the Montana Code, ensuring that existing rights and duties are preserved and that any penalties incurred or proceedings initiated before the act's effective date remain unaffected.