SB1050: Campaign finance; contributions from corporations prohibited, civil penalty.

Legislative Summary

Campaign finance; contributions from corporations prohibited; civil penalty. Prohibits any corporation from making any contribution to any committee organized under the provisions of the Campaign Finance Disclosure Act of 2006 and prohibits any such committee from soliciting or accepting any contribution from any corporation. Any committee that knowingly accepts, or any person who knowingly makes to such committee, contributions in violation of the prohibition is subject to a civil penalty of up to two times the amount of the contribution, as assessed by the State Board of Elections.