The bill amends South Dakota's campaign finance disclosure requirements, specifically detailing 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 clarify the frequency and types of reports required, such as pre-primary, pre-general, year-end, and supplemental reports, with specific filing timelines for 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 stipulates that a political party must file a termination report by a specified deadline if it loses its qualified status, and outlines the conditions under which a statewide ballot question committee must submit a termination report. Violations of these provisions are classified as misdemeanors, with escalating penalties for subsequent offenses within the same calendar year.

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