Bill

Bill > HB4269


MI HB4269

MI HB4269
Campaign finance: public disclosure; financial reporting requirement for political nonprofits; provide for. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding secs. 29a & 29b. TIE BAR WITH: HB 4270'25


summary

Introduced
03/19/2025
In Committee
03/19/2025
Crossed Over
Passed
Dead

Introduced Session

103rd Legislature

Bill Summary

A bill to amend 1976 PA 388, entitled"Michigan campaign finance act,"(MCL 169.201 to 169.282) by adding sections 29a and 29b.

AI Summary

This bill aims to enhance financial transparency for two types of political nonprofit organizations: 527 organizations (political organizations) and 501(c)(4) organizations (social welfare organizations) by requiring them to electronically file detailed financial statements with the Michigan Secretary of State twice a year. These organizations must report comprehensive information about their contributions and expenditures, including the full names, addresses, and occupation details of donors who contribute more than $100 in a calendar year. Organizations with expected annual revenues under $5,000 may apply for a filing waiver, but will still need to file if they exceed that threshold. The bill establishes a graduated penalty system for non-compliance, with escalating consequences for repeated violations, including potential civil fines ranging from $1,000 to $5,000 and, in the case of a third offense, mandatory dissolution of the organization. Additionally, if an elected official is associated with an organization that fails to comply, they may face personal civil fines or even misdemeanor charges. Any organization required to dissolve must donate its remaining funds to a 501(c)(3) tax-exempt organization. The bill is set to take effect on January 1, 2027, and is tied to the passage of related legislation.

Committee Categories

Government Affairs

Sponsors (22)

Last Action

Bill Electronically Reproduced 03/19/2025 (on 03/20/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...