This bill mandates that individuals or business organizations making significant independent campaign expenditures must disclose the original sources of their funding. Specifically, it introduces a new paragraph to RSA 664:6, requiring that any person or entity that spends over $500,000 in support of or opposition to a gubernatorial candidate, or more than $50,000 in total for candidates for executive council, state senate, or state representative, must file an itemized statement with the Secretary of State. This statement must include the name and address of each original source of the funds used for the expenditure, where "original source" is defined as the person or business organization that contributed to the entity making the donation.

The bill does not provide funding or authorize new positions, but it is expected to incur an expenditure of $50,000 in FY 2027 for necessary updates to the electronic campaign finance reporting system to implement the new disclosure requirements. The bill is set to take effect 60 days after its passage. Overall, the legislation aims to enhance transparency in political donations and campaign financing in state elections.

Statutes affected:
Introduced: 664:6
HB1083 text: 664:6