Requires disclosure of major contributors on independent expenditure communications; provides language for such disclaimers.
Impact
The proposed legislation is set to amend Section 14-107 of the election law to introduce these disclosure requirements. This marks a significant shift in how campaign financing operates in New York, potentially altering the landscape of political advertising as organizations may be more cautious about the contributors they highlight. By making contributors more visible, the bill aims to discourage anonymity in campaign financing and hold entities accountable for their expenditures. This legislative change could lead to a more informed electorate, with voters having access to critical information about the financial backing behind political messages.
Summary
Bill S08445 aims to enhance transparency in political campaign financing by requiring that independent expenditure communications clearly disclose significant contributors. The bill mandates that those making independent expenditures include a disclaimer stating who paid for the communication, indicating that it was not made in coordination with any candidate or committee. Furthermore, if any individual or organization has received over $1,000 in contributions within the past year, they must disclose the names of their top contributors in a prominently displayed manner. This change is expected to give voters more insight into who is funding political advertisements and campaigns.
Contention
While supporters argue that greater transparency will foster trust in the electoral process and curtail dark money in politics, there may be concerns regarding the implications of such disclosures. Opponents might argue that these requirements could lead to harassment or intimidation of those contributing to political causes. Additionally, critics could express worries about the potential chilling effect on free speech, where individuals may hesitate to contribute to political campaigns out of fear of public backlash. As the bill is debated, these issues are likely to be focal points of discussion concerning the balance between transparency and the rights of contributors.
Requires public-facing websites operated by political committees to contain "paid for by" language; adds such public-facing websites to the list of political communications that qualify as independent expenditures.
Requires public-facing websites operated by political committees to contain "paid for by" language; adds such public-facing websites to the list of political communications that qualify as independent expenditures.
Requires disclosure terms relating to pre-paid calling cards to be provided in languages other than English and increases fines for violations of disclosure requirements.
Imposes a tax on corporate lobbying expenditures; imposes a tax of 35% on corporate lobbying expenditures above $100,000 and below $500,000; imposes a tax of 60% on corporate lobbying expenditures above $500,000 and below $1,000,000; imposes a tax of 75% on corporate lobbying expenditures above $1,000,000.
Requires the governor's tax expenditure reporting to include an enumeration of all fossil fuel related tax expenditures; imposes a 5 year expiration upon any fossil fuel related tax expenditures enacted.