summary
Introduced
02/25/2025
02/25/2025
In Committee
03/18/2025
03/18/2025
Crossed Over
03/07/2025
03/07/2025
Passed
05/08/2025
05/08/2025
Dead
Signed/Enacted/Adopted
05/13/2025
05/13/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT GENERALLY REVISING CAMPAIGN FINANCE LAWS; PROVIDING LIMITATIONS THAT ONLY A LIMITED LIABILITY COMPANY AND PARTNERSHIP THAT IS TAXED AS A SOLE PROPRIETORSHIP OR A PARTNERSHIP, OR A PARTNERSHIP TAXED AS A PARTNERSHIP, MAY MAKE CONTRIBUTIONS TO A CANDIDATE AND THAT THE CONTRIBUTIONS MUST BE REPORTED UNDER THE NAME OF THE MEMBER OR PARTNER MAKING THE CONTRIBUTION; AND PROHIBITING AN INDIVIDUAL CONTRIBUTION SEPARATE FROM THE CONTRIBUTION MADE BY THE MEMBER OR PARTNER OF THE LIMITED LIABILITY COMPANY OR PARTNERSHIP CLARIFYING CONTRIBUTION LIMITS.”
AI Summary
This bill revises campaign finance regulations by restricting and clarifying which business entities can make political campaign contributions. Specifically, only limited liability companies (LLCs) and partnerships that are classified and taxed as sole proprietorships or partnerships for federal tax purposes will be allowed to contribute to candidate campaigns. Contributions from LLCs or partnerships taxed as C or S corporations will be prohibited. Any contribution from an eligible LLC or partnership must be reported under the name of the specific member or partner making the contribution, in compliance with existing disclosure requirements. Furthermore, the bill stipulates that the member or partner reported as making a contribution cannot make an additional individual contribution to the same candidate, and they remain subject to individual contribution limitations established in existing campaign finance law. The purpose of these changes appears to be increasing transparency in campaign financing by ensuring that contributions are clearly attributed to individual business owners and preventing potential circumvention of contribution limits.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Chapter Number Assigned (on 05/13/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://bills.legmt.gov/#/laws/bill/2/LC0599 |
| State Bill Page | https://bills.legmt.gov/#/lc/bill/2/LC0599 |
| BillText | https://docs.legmt.gov/download-ticket?ticketId=804c4231-fcdd-49d3-a8ba-35dd77d02485 |
| BillText | https://docs.legmt.gov/download-ticket?ticketId=f722f881-bd4a-4910-9994-482001ac9c63 |
| BillText | https://docs.legmt.gov/download-ticket?ticketId=3821fb5a-90d4-4cde-a608-48c05d50005d |
| BillText | https://api.legmt.gov/docs/v1/documents/getContent?documentId=286165 |
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