The bill amends South Dakota's campaign finance disclosure requirements, specifically Section 12-27-22, to clarify the filing obligations for various political committees. It outlines the specific reports that must be filed by different types of committees, including candidate campaign committees for statewide and legislative offices, political action committees, political parties, and ballot question committees. The amendments specify the frequency and types of reports required, such as pre-primary, pre-general, year-end, and supplemental reports, with distinctions made between even and odd-numbered years.

Additionally, the bill establishes procedures for termination reports for political committees that cease activity or lose their qualified party status. It mandates that a political party must file a termination report by a specified deadline if it loses its qualified status, and similarly, a ballot question committee must submit a termination report if it has no activity to report in the subsequent reporting period. Violations of these provisions are classified as misdemeanors, with subsequent offenses carrying increased penalties.

Statutes affected:
Introduced, 01/03/2025: 12-27-1, 12-27-22
Senate Engrossed, 01/27/2025: 12-27-22
Enrolled, 02/05/2025: 12-27-22