HB 868 - SB 1040
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
March 27, 2025
Fiscal Analyst: Christine Drescher | Email: christine.drescher@capitol.tn.gov | Phone: 615-741-2564
HB 868 - SB 1040
SUMMARY OF BILL: Prohibits a political campaign committee (PCC) that is
headquartered or domiciled in another state, country, or territory, to either directly or through
another PCC make a contribution to a Republican candidate in a primary election.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• The proposed legislation would be an addition to the Campaign Financial Disclosure Act of
1980, which, according to Tenn. Code Ann. § 2-10-101(b), does not apply to any candidate
for public office for which the service is part time and for which the compensation is less
than $1,000 per month.
• Pursuant to Tenn. Code Ann. § 2-10-102(4), “contribution” means any advance,
conveyance, deposit, distribution, transfer of funds, loan, loan guaranty, personal funds of a
candidate, payment, digital currency, gift or subscription of money or like thing of value,
and any contract, agreement, promise or other obligation, whether or not legally
enforceable, made for the purpose of influencing a measure or nomination for election or
the election of any person for public office or for the purpose of defraying any expenses of
an officeholder incurred in connection with the performance of the officeholder’s duties,
responsibilities, or constituent services.
• Any decrease in contributions to candidates as a result of the proposed legislation will not
have any fiscal or operational impact on state or local governments.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director