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68a-401a
68A.401A REPORTING OF CONTRIBUTIONS AND EXPENDITURES
RELATING TO ISSUE ADVOCACY.
1. A political organization that is required to file reports with
the internal revenue service, pursuant to 26 U.S.C. § 527, shall file
a report with the board if that organization does both of the
following:
a. Creates or disseminates a communication of issue advocacy
in this state.
b. Receives or expects to receive twenty-five thousand
dollars or more in gross receipts in any taxable year.
2. A report required under this section shall contain the
following information:
a. The amount, date, and purpose of each expenditure made to
a person if the aggregate amount of expenditures to such person
during the calendar year equals or exceeds five hundred dollars and
the name and address of the person, and, in the case of an
individual, the occupation and name of employer of the individual.
b. The name and address, and, in the case of an individual,
the occupation and name of employer of such individual, of all
contributors which contributed an aggregate amount of two hundred
dollars or more to the organization during the calendar year and the
amount and date of the contribution.
3. The board shall by rule establish a procedure for the filing
of reports required by this section. To the extent practicable the
reporting periods and filing due dates shall be the same as set out
in 26 U.S.C. § 527(j)(2).
4. The term "issue advocacy" means any print, radio,
televised, telephonic, or electronic communication in any form or
content, which is disseminated to the general public or a segment of
the general public, that refers to a clearly identified candidate for
the general assembly or statewide office.
5. The penalty set out in section 68A.701 does not apply to a
violation of this section. The penalties for a violation of this
section are as set out in section 68B.32D. Section History: Recent Form
2008 Acts, ch 1191, §37
