Bill Text: TX SB756 | 2023-2024 | 88th Legislature | Introduced

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Bill Title: Relating to the reporting of electronic political contributions accepted by certain political committees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-01 - Referred to State Affairs [SB756 Detail]

Download: Texas-2023-SB756-Introduced.html

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88R9547 CJD-F
By: Flores S.B. No. 756

A BILL TO BE ENTITLED
AN ACT
relating to the reporting of electronic political contributions
accepted by certain political committees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 254.031, Election Code, is amended by
amending Subsection (a) and adding Subsection (c) to read as
follows:
(a) Except as otherwise provided by this chapter, each
report filed under this chapter must include:
(1) the amount of political contributions, other than
political contributions described by Subdivision (1-a), from each
person that in the aggregate exceed $50 and that are accepted during
the reporting period by the person or committee required to file a
report under this chapter, the full name and address of the person
making the contributions, and the dates of the contributions;
(1-a) except as provided by Subsection (c), the amount
of political contributions from each person that are made
electronically and that are accepted during the reporting period by
the person or committee required to file a report under this
chapter, the full name and address of the person making the
contributions, and the dates of the contributions;
(2) the amount of loans that are made during the
reporting period for campaign or officeholder purposes to the
person or committee required to file the report and that in the
aggregate exceed $50, the dates the loans are made, the interest
rate, the maturity date, the type of collateral for the loans, if
any, the full name and address of the person or financial
institution making the loans, the full name and address, principal
occupation, and name of the employer of each guarantor of the loans,
the amount of the loans guaranteed by each guarantor, and the
aggregate principal amount of all outstanding loans as of the last
day of the reporting period;
(3) the amount of political expenditures that in the
aggregate exceed $100 and that are made during the reporting
period, the full name and address of the persons to whom the
expenditures are made, and the dates and purposes of the
expenditures;
(4) the amount of each payment made during the
reporting period from a political contribution if the payment is
not a political expenditure, the full name and address of the person
to whom the payment is made, and the date and purpose of the
payment;
(5) the total amount or a specific listing of the
political contributions of $50 or less accepted and the total
amount or a specific listing of the political expenditures of $100
or less made during the reporting period;
(6) the total amount of all political contributions
accepted and the total amount of all political expenditures made
during the reporting period;
(7) the name of each candidate or officeholder who
benefits from a direct campaign expenditure made during the
reporting period by the person or committee required to file the
report, and the office sought or held, excluding a direct campaign
expenditure that is made by the principal political committee of a
political party on behalf of a slate of two or more nominees of that
party;
(8) as of the last day of a reporting period for which
the person is required to file a report, the total amount of
political contributions accepted, including interest or other
income on those contributions, maintained in one or more accounts
in which political contributions are deposited as of the last day of
the reporting period;
(9) any credit, interest, rebate, refund,
reimbursement, or return of a deposit fee resulting from the use of
a political contribution or an asset purchased with a political
contribution that is received during the reporting period and the
amount of which exceeds $100;
(10) any proceeds of the sale of an asset purchased
with a political contribution that is received during the reporting
period and the amount of which exceeds $100;
(11) any investment purchased with a political
contribution that is received during the reporting period and the
amount of which exceeds $100;
(12) any other gain from a political contribution that
is received during the reporting period and the amount of which
exceeds $100; and
(13) the full name and address of each person from whom
an amount described by Subdivision (9), (10), (11), or (12) is
received, the date the amount is received, and the purpose for which
the amount is received.
(c) The reporting requirements under Subsection (a)(1-a) do
not apply to a political committee established and administered by
a nonprofit agricultural organization that is exempt from taxation
under Section 501(a), Internal Revenue Code of 1986, as an
organization described by Section 501(c)(5) of that code.
SECTION 2. The change in law made by this Act applies only
to a report under Chapter 254, Election Code, that is required to be
filed on or after the effective date of this Act. A report under
Chapter 254, Election Code, that is required to be filed before the
effective date of this Act is governed by the law in effect on the
date the report is required to be filed, and the former law is
continued in effect for that purpose.
SECTION 3. This Act takes effect September 1, 2023.