Bill > H868

This bill modifies campaign finance reporting requirements for ballot question committees in Massachusetts, introducing several key changes. First, it defines "in-kind contribution" as anything of value provided to a committee in a non-monetary form, such as free goods or services, discounted rates, or payments made on behalf of the committee. The bill requires treasurers of ballot question committees with questions appearing on the state election ballot to submit more detailed financial reports. These reports must now include a comprehensive list of in-kind contributions over $50, specifying the donor's name, address, date received, type of contribution, and its value. Additionally, the committees must disclose new liabilities, including the creditor's name, address, and purpose. The bill also updates the reporting schedule, mandating monthly reports until 60 days before the election, followed by more frequent reporting (on the 5th and 20th of each month) leading up to the election, and requiring a final report in November after the election and another in January of the following year. These changes aim to increase transparency in campaign financing for state ballot questions by providing more detailed and timely financial information.

Budget and Finance, Government Affairs

https://malegislature.gov/Bills/194/H868