The bill amends RCW 42.17A.455 to clarify the treatment of contributions made by controlled entities in political campaigns. It specifies that contributions from a political committee funded entirely by one individual are considered contributions from that individual. Additionally, it establishes that multiple entities can be treated as a single entity for contribution purposes if they are interconnected, such as through ownership or control. Notably, the bill introduces new provisions requiring that contributions from any entity must be aggregated with those from individuals who hold a majority interest in that entity, and it sets conditions under which multiple entities share a contribution limit.

Furthermore, the bill adds a new section to chapter 42.17A, outlining specific requirements for limited liability companies (LLCs) wishing to make campaign contributions. These companies must have been in existence for at least one year and must file a declaration with the commission affirming their legitimate business status and intent. The commission is tasked with developing a method for LLCs to submit this declaration and is required to make the submitted information publicly accessible on its website.

Statutes affected:
Original Bill: 42.17A.455
Substitute Bill: 42.17A.455
Engrossed Substitute: 42.17A.455