Illinois General Assembly - Bill Status for HB3541
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 Bill Status of HB3541  102nd General Assembly

Short Description:  ELEC CD-NONPROFIT ORGS

House Sponsors
Rep. Kelly M. Cassidy

Last Action
DateChamber Action
  1/10/2023HouseSession Sine Die

Statutes Amended In Order of Appearance
10 ILCS 5/9-1.8from Ch. 46, par. 9-1.8
10 ILCS 5/9-6from Ch. 46, par. 9-6

Synopsis As Introduced
Amends the Election Code. Includes in the definitions of "political action committee", "ballot initiative committee", and "independent expenditure committee" an organization organized for tax-exempt status under the Internal Revenue Code. Provides that an organization that qualifies for tax-exempt status under the Internal Revenue Code may, in order to comply with the specific reporting provisions that are required of political committees, establish a separate political committee in which the exclusive function is to receive or make contributions, make expenditures, or any combination thereof, to support or oppose candidates or questions of public policy. Allows the nonprofit organizations to create a separate segregated fund in which contributions shall be deposited or made and from which expenditures shall be disbursed. Provides that if the nonprofit organization chooses the option, the disclosure of any deposits of money into the segregated fund shall report the original sources of the money and not the name of the parent nonprofit organization. Effective immediately.

DateChamber Action
  2/19/2021HouseFiled with the Clerk by Rep. Kelly M. Cassidy
  2/22/2021HouseFirst Reading
  2/22/2021HouseReferred to Rules Committee
  1/10/2023HouseSession Sine Die

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