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 that support or oppose candidates or ballot measures. Additionally, it prohibits contributions from tax-exempt entities 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 breaches of the new contribution limits and prohibitions. Furthermore, the bill includes a codification instruction to integrate these 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.